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How Canadian Savers Can Protect Their Money in 2026

As 2026 unfolds, Canadian savers are navigating a financial landscape shaped by falling interest rates, persistent living‑cost pressures, and evolving tax‑advantaged opportunities. Experts say this is the year to be intentional, strategic, and proactive with your money. Reevaluate Your Savings Accounts Interest rates have been trending downward, and many high‑interest savings accounts have quietly reduced their payouts. GIC rates remain more stable, but they too are expected to soften as rate cuts continue. What to do now: Check the current rate on every savings account you hold Compare alternatives and switch if your rate has dropped significantly Consider laddering GICs to lock in competitive yields while they’re still available Make the Most of Your TFSA The Tax‑Free Savings Account remains one of the most powerful tools for Canadians. With annual contribution room increasing over time, it’s an ideal place to shelter both short‑term savings and long‑term investments. Why...
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Central Gaza Airstrike Claims Lives Amid Leadership Divisions

 

In a tragic incident, an Israeli airstrike in central Gaza resulted in the loss of 20 lives, predominantly women and children. The conflict continues to escalate across the region, with Israel’s leaders grappling over the governance of Gaza in the aftermath of the prolonged war, now entering its eighth month.

Prime Minister Benjamin Netanyahu faces criticism from his own War Cabinet, while his political rival, Benny Gantz, threatens to leave the government unless a comprehensive plan is formulated by June 8. This plan includes the establishment of an international administration for postwar Gaza. Meanwhile, U.S. national security adviser Jake Sullivan is engaging with Israeli leaders to discuss an ambitious proposal: Saudi Arabia recognizing Israel and assisting the Palestinian Authority in governing Gaza, in exchange for a path toward eventual statehood. Netanyahu, however, remains opposed to Palestinian statehood and insists on maintaining open-ended security control over Gaza, collaborating with local Palestinians unaffiliated with Hamas or the Western-backed Palestinian Authority.

As the discussions on postwar planning gain urgency, the conflict continues unabated. Recent weeks have seen Hamas regrouping in parts of northern Gaza that were heavily bombed earlier in the war. Israeli ground troops had already operated in these areas. The recent airstrike in Nuseirat, a Palestinian refugee camp dating back to the 1948 Arab-Israeli war, claimed 20 lives, including eight women and four children. Another strike on a street in Nuseirat resulted in five more casualties, according to the Palestinian Red Crescent emergency service. Additionally, a senior officer in the Hamas-run police was killed in Deir al-Balah, further escalating tensions.

The situation remains dire, with no clear end in sight. As the world watches, the toll of human suffering continues to mount, and the need for a lasting solution becomes increasingly urgent.

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