Re: US versus Canadian savings account returns
I'll take a stab at this question, but I am not a fiancial guru and so will certainly accept other explanations from those on this board who are better versed in these matters.
As I understand it, Canada has, or is moving to, a balanced budget internally. In trade matter, because of the energy rescourses, Canada has a net positive balance of trade.
Therefore, there is a greater desire to hold Canadian dollars as they, relatively, lose less value over time than U.S. dollars, and thus the U.S. dollar accounts require a higher rate of interest to induce the funds to remain in U.S. dollars.