My parents live in Canada and they have a little bit of money in their account to survive on, and I was wanting to see if anyone could give me advice on how that money can be increased (if at all possible).
Dad is 70, mom is 65, with a whole bunch of medical needs (dad has lung cancer and mom has colon cancer, thank goodness for canada's free healthcare). They have 110,000 US dollars (which is approx. 150,000 canadian dollars) + 10,000 in canadian dollars.
Their monthly expenses ~ 1500 canadian dollars... so the 10,000 canadian could be used for their expenses next year.
I don't know anything about Canada's financial system, but any ideas on what they could do with the US dollars that they have in the bank to possibly increase it with very low risk?