A worker stacks Canada Savings Bonds as they come off the presses. (Tom Hanson/Canadian Press)Finance Minister Bill Morneau is seriously considering an end to the Canada Savings Bond program in his next federal budget, Radio-Canada has learned. Fewer people are buying Canada Savings Bonds each year — because of paltry payouts in an era of sub-one per cent bank rates — and the government is questioning the $60-million price tag it costs to run the program each year. Canada Savings Bonds were first offered in 1946 in an effort to replicate the success of Victory Bonds campaign, launched during the First World War, which solicited funds from individual Canadians to help fund the war effort. Canada would follow Germany, which also eliminated its savings bond program in 2012.

Source: CBC News September 27, 2016 00:00 UTC