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Top Savings and GIC Rates in Canada This Week

                                                                             Canadians looking to maximize their returns on safe investments have strong options this week, with both high-interest savings accounts (HISAs) and guaranteed investment certificates (GICs) offering competitive rates. High-Interest Savings Accounts KOHO Earn Interest Account continues to lead with an impressive 3.5% interest rate , offering unlimited transactions and cashback perks. Other online banks and credit unions are hovering around 3.0%–3.25% , making HISAs a flexible choice for those who want liquidity while still earning meaningful returns. Guaranteed Investment Certificates (GICs) For short-term savers, MCAN Wealth is offering 3.65% on a 1-year GIC , one of the hig...
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Stocks Rebound After Inflation Report


The stock market made a comeback today after a hot inflation print. The S&P 500, which had been down as much as 0.8% during the session, closed just under the flatline. The Dow Jones Industrial Average and the Nasdaq Composite hovered slightly above breakeven. 

Interest rate sensitive sectors lagged the most, with real estate and utility stocks ending the session lower. The US consumer inflation reading for December showed a slightly bigger jump than expected, as prices ticked up 0.3% month over month and 3.4% year over year. On a “core” basis, which excludes the volatile food and energy categories, inflation rose 3.9% over the past year. The print was seen as critical for traders who have been increasingly pricing in the odds of a “soft landing” — where inflation retreats to 2% without an economic downturn — since the last CPI report.


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