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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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5 Simple Ways to Save More Money and Build Wealth

 


If you’re looking to save more money and build wealth, there are a few simple steps you can take to get started. Here are five ways to help you save more money:

  1. Track your spending: Start by tracking your spending for a month or two. This will help you identify areas where you can cut back and save money.

  2. Create a budget: Once you know where your money is going, create a budget. This will help you stay on track and avoid overspending.

  3. Set savings goals: Set specific savings goals, such as saving for a down payment on a house or a vacation. This will help you stay motivated and focused on your savings.

  4. Automate your savings: Set up automatic transfers from your checking account to your savings account. This will help you save money without even thinking about it.

  5. Invest your savings: Once you’ve built up some savings, consider investing your money. This can help you grow your wealth over time.

Hopefully these tips help you save more money and build wealth! 


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