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Top Savings and GIC Rates in Canada This Week

                                                                             Canadians looking to maximize their returns on safe investments have strong options this week, with both high-interest savings accounts (HISAs) and guaranteed investment certificates (GICs) offering competitive rates. High-Interest Savings Accounts KOHO Earn Interest Account continues to lead with an impressive 3.5% interest rate , offering unlimited transactions and cashback perks. Other online banks and credit unions are hovering around 3.0%–3.25% , making HISAs a flexible choice for those who want liquidity while still earning meaningful returns. Guaranteed Investment Certificates (GICs) For short-term savers, MCAN Wealth is offering 3.65% on a 1-year GIC , one of the hig...

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UK Net Migration Falls Sharply Amid Stricter Rules

 

                Arriving passengers queue at UK Border Control at Terminal 5 at Heathrow Airport in London

The United Kingdom has seen a dramatic decline in net migration, with figures dropping by nearly two-thirds in the year to June 2025. Net migration fell to 204,000, down from 649,000 during the same period in 2024.

This sharp reduction is largely attributed to tougher government policies aimed at curbing arrivals. Stricter visa requirements, higher salary thresholds, and tighter rules for international students have significantly reduced the number of non-EU nationals entering the country for work and study. At the same time, emigration levels have continued to rise, further contributing to the decline.

Immigration has long been a central issue in UK politics, shaping debates across party lines. The current Labour government has introduced these measures partly in response to growing pressure from Reform UK, a populist party campaigning on an anti-migration platform. With immigration dominating public discourse, the government’s approach reflects both political strategy and economic concerns.

The latest figures mark the lowest annual net migration since 2021, reversing the surge seen in 2023 when nearly 944,000 people were added to the UK population. Analysts note that while the drop may ease political tensions, it could also raise questions about the impact on sectors reliant on migrant labor, such as healthcare, hospitality, and higher education.

As the UK recalibrates its immigration system, the debate over balancing economic needs with public sentiment is set to intensify. The fall in migration numbers underscores how policy shifts can rapidly reshape demographic trends, leaving long-term consequences for the nation’s workforce and social fabric.


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