Skip to main content

Featured

What to Do with Your Tax Refund: 5 Smart Moves for Canadians

  Tax Season · Personal Finance By MoneySavings.ca Editorial Team • May 7, 2026 • 7 min read Tax season is wrapping up across Canada, and for millions of Canadians, that means a refund cheque — or a direct deposit — is on its way. The average Canadian tax refund hovers around $1,800. That's real money. The question is: what's the smartest thing you can do with it? It's tempting to treat a tax refund like "found money" and splurge. But here's the truth — that refund was your money all along. The government was just holding it for you, interest-free. So before it quietly disappears into day-to-day spending, let's look at five moves that will make it work harder for you. $1,800 The average Canadian tax refund — enough to make a meaningful dent in debt, pad an emergency fund, or kick-start your TFSA for the year. 1 Pay Down High-Interest Debt First If you're carrying a balance on a credit card, this should be your very first call. Most Canadian credit car...
Post a Comment
Read more

article

Labels

Kevin Warsh: The Former Fed Governor Poised for a Return to Power

 

Kevin Warsh would replace current Fed chair Jerome Powell when his term expires in May, after U.S. President Donald Trump announced his nomination to the post on Friday. 

Kevin Warsh, recently nominated by President Donald Trump to lead the U.S. Federal Reserve, is a familiar figure in American economic policy circles. Known for his blend of Wall Street experience and central‑bank expertise, Warsh’s return to the spotlight signals a potentially significant shift in the direction of U.S. monetary policy.

Warsh previously served as a Federal Reserve governor from 2006 to 2011, a period defined by the global financial crisis. During that time, he acted as a key liaison between the Fed and major financial institutions, helping shape emergency responses during the most turbulent economic period in decades. Before joining the Fed, he worked as an executive at Morgan Stanley and served as an economic advisor in the George W. Bush administration.

In the years since leaving the central bank, Warsh has remained active in economic policy debates, often advocating for a more restrained approach to monetary intervention. More recently, however, his views have aligned more closely with President Trump’s preference for lower interest rates — a shift that likely contributed to his nomination.

If confirmed, Warsh would take over at a pivotal moment, with markets sensitive to interest‑rate decisions and global economies navigating a complex post‑pandemic landscape. His leadership style, crisis‑era experience, and evolving policy stance will shape not only the U.S. economy but also financial conditions felt across borders, including in Canada.


Labels:

Comments

Post a Comment