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Rate Watch: Best GIC, Savings and Mortgage Rates in Canada (Nov 13, 2026)

  Rate Watch | Canadian Money Brief Best GIC, Savings and Mortgage Rates in Canada Today Friday, November 13, 2026 • Bank of Canada rate 2.50% • Prime 4.70% The Bank of Canada raised its policy rate to 2.50% on October 28. Savers saw very little of it: GIC rates barely moved, and big-bank savings accounts still pay next to nothing. Borrowers saw more of it: the lowest 5-year fixed mortgage rate crept up from 4.34% to 4.44% after bond yields jumped. Here is where the best rates sit today. 4.05% Best 1-yr GIC WealthONE 4.55% Best 5-yr GIC WealthONE 2.85% Top HISA (no promo) WealthONE / Saven 4.44% Lowest 5-yr fixed insured mortgage 3.60%+ Lowest 5-yr variable insured mortgage Best GIC Rates Term Best rate Provider Runner-up 1 year 4.05% WealthONE Bank of Canada Achieva Financial 3.95% 2 years 4.30% WealthONE Bank of Canada Achieva Financial 4.10% 3 years 4.40% WealthONE Bank of Canada MCAN, Oaken, Saven 4.30% 5 years 4.55% WealthONE Bank of Canada Oaken Financial 4.50% Big banks, 1 y...
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Stock Market Today : October 3, 2023


 The Canadian stock market continued its downward trend today. As represented by the S&P/TSX Composite Index, closed at 19,020.92 on October 3, 2023, down by 0.81% from the previous day’s close. The S&P/TSX 60 Index also fell by 0.83% to close at 1,141.80. The S&P/TSX Venture Composite index decreased by 1.68% to close at 536.26. The top gainers on the TSX were Cameco Corporation, Canadian Natural Resources Limited, and Barrick Gold Corporation, while the top losers were Baytex Energy Corp., Algonquin Power & Utilities Corp., and Enbridge Inc. 

In the US, the Dow Jones Industrial Average (DJIA) closed at 35,258.32, up by 0.10% from the previous day’s close . The S&P 500 index closed at 4,543.76, up by 0.15% from the previous day’s close. The NASDAQ Composite index closed at 15,235.89, up by 0.31% from the previous day’s close. The top gainers on the DJIA were Boeing Co., Goldman Sachs Group Inc., and JPMorgan Chase & Co., while the top losers were Apple Inc., Microsoft Corp., and Visa Inc. .

The reason the markets were down today, is due to the fact  that the 10-year Treasury yield climbed again on October 3, 2023, up to 4.80% from 4.69% late Monday and from just 0.50% early in the pandemic. This increase in yield came after a report showed U.S. employers have many more job openings than expected. Another reason is that there is ongoing debt ceiling drama that is slowly eroding confidence in the country. However, it is important to note that there could be other factors contributing to this decline as well.



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