April 17 roundup - MoneySense

April 17 roundup

On looming interest rate hikes, pump rage, Sears Canada’s new return policy and why losing the lottery makes you rich.


Interest rate hikes are around the corner, Canada’s central bank hinted Tuesday. Bank of Canada Governor Mark Carney left rates unchanged Tuesday but a press release did say slack in the economy and firmer underlying inflation could make existing levels of monetary stimulus unnecessary.

•Canada may be an emerging oil superpower but that hasn’t stopped gas prices from soaring this spring and experts say it’s only going to get worse.

Sears Canada will make it easier for customers to return products to its stores. The retailer will scrap its 10-day return policy and will also stop charging a 20% restocking fee for big ticket items such as appliances.

•Winning the lottery is not all it’s cracked up to be. Here are three ways losing can make you wealthy: courtesty of Forbes.com.