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Financial experts advise on what to do with extra cash saved during the pandemic
Canadian Payroll Association.The results from the survey credit the increased savings to workers not having to commute, to buy lunches, or to pay for childcare.Grant White of Endeavour Wealth Management says there are many options out there for people wanting to invest their money.“Depending on what your goals are for going forward, there are some really great opportunities to get into, whether that be the markets or other types of investments,” White says.But White adds a point of caution, given that interest rates are extremely low right now.“Your traditional savings investments, like GIC saving accounts, are not paying a whole lot, so I wouldn’t necessarily be looking at that as my primary saving vehicle.