Thanks everyone for the replies. $1000 in a BOB is a lot of cash for someone like me with a low paying job and no car. I do have an emergency account at ING Direct with $6000 at 2% interest rate in a "tax free savings account" (a new Canadian plan started in 2009) and after just a couple of months I earned something like $70 in interests so if inflation rate is 2% you better reevaluate your $1000 cash after a couple of years... What I will surely do is get more quarters, toonies and loonies and some $5 and $10 dollars bills.

François