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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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Dow’s Remarkable Rally: An 8-Day Streak of Triumphs

 

In an impressive display of resilience, the Dow Jones Industrial Average has secured its eighth consecutive day of gains, a streak not seen since early 2019. This sustained upward movement comes amid growing optimism that the Federal Reserve may introduce a rate cut sooner than anticipated.

Investors have been closely monitoring a series of speeches from Federal Reserve officials, seeking confirmation of the burgeoning belief that a rate reduction is imminent. This sentiment has been bolstered by recent indicators suggesting a cooling labor market, which could prompt a more accommodative monetary policy stance.

The Dow’s latest climb of roughly 0.2% is part of a broader recovery from April’s market slump, with the S&P 500 also advancing towards a record high. The tech-heavy Nasdaq Composite has paralleled this ascent, albeit at a more modest pace.

On the corporate front, standout performances include TSMC, whose shares surged following a 60% sales increase in April, driven by persistent demand for AI and a resurgence in consumer electronics.

As the market heads into the weekend, all eyes are on the upcoming consumer price index report, which will offer further insights into the Federal Reserve’s potential rate cut trajectory. Investors remain hopeful that a dovish turn in policy could sustain the current rally, propelling the Dow and its counterparts to new heights.

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