7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...
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Canadians are sitting on a growing pile of money in GICs


Amid a triple-whammy of rising interest rates, inflation and uncertainty, Canadians have socked away billions in the safe confines of guaranteed investment certificates this year, a sizable stockpile that could eventually be released back into the economy and markets.

Since March, when the Bank of Canada began raising its target overnight rate to counter mounting inflation, Canadians have pumped roughly $125-billion into fixed-term deposits like GICs at chartered banks.

One-year GICs are currently paying upwards of 5 per cent, though that’s still shy of Canada’s 6.9-per-cent inflation rate. And of the increase, most has been in non-tax sheltered accounts, meaning taxes will take a big bite. Unlike dividends, the interest income from GICs is fully taxed at an investor’s marginal tax rate.

Even so, Canadians have been drawn to the safety of GICs. Some of the GIC money is a holdover from the pandemic savings boom. Government stimulus and reduced spending meant chequing deposits at the banks swelled by nearly $200-billion from February, 2020, to this past summer. Since June, those deposit levels have dropped.

When Royal Bank reported its fourth-quarter results recently, it noted its clients had moved $25-billion into GICs over the past six months. “We have seen a very strong shift out of both core deposit accounts, saving accounts, but also retail investors coming out of mutual funds, just given market uncertainty, into GICs,” said Neil McLaughlin, Royal Bank’s head of personal and commercial banking.

https://www.tausiinsider.com/canadians-are-sitting-on-a-growing-pile-of-money-in-gics/?feed_id=322009&_unique_id=63bbd1de09b7b

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