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Where to Find the Best Savings and GIC Rates in Canada This Week

Canadians looking to stretch their savings a little further still have access to competitive high‑interest savings accounts (HISAs) and guaranteed investment certificates (GICs). Digital banks continue to lead the way, offering strong returns without sacrificing security. Here’s a quick snapshot of the top rates available this week. Highest High‑Interest Savings Account Rates Several online‑only institutions are offering some of the most attractive HISA rates right now: Saven Financial – 2.85% Oaken Financial – 2.80% EQ Bank – 2.75% Bridgewater Bank – 2.70% WealthONE Bank – 2.60% These accounts are typically insured either federally or provincially, giving savers both flexibility and peace of mind. Best GIC Rates This Week For those comfortable locking in their money for a set period, GICs continue to provide reliable, guaranteed returns. 1‑Year GIC Leaders Oaken Financial – 3.40% 5‑Year GIC Leaders EQ Bank – 3.85% Longer‑term GICs remain especially appealing for ...
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G7 Commits to Accelerating Fossil Fuel Transition, but Activists Remain Skeptical

 

Leaders of the Group of Seven (G7) developed democracies have pledged to accelerate their transition away from fossil fuels during this decade. The draft statement from their summit in Italy outlines a commitment to achieve net-zero emissions by 2050, in line with the best available science. However, climate activists remain critical, citing a lack of concrete commitments and the fact that many pledges were already agreed upon in previous meetings. The G7’s focus on phasing out coal power generation and reducing methane emissions is commendable, but some environmentalists express disappointment over the allowance for public investments in natural gas. As the COP29 United Nations climate conference approaches, the G7 leaders plan to submit more ambitious national climate plans. 

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