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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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Maldives Bans Israelis from Entering Country Over War in Gaza

 

The Maldives government has taken a significant step by announcing a ban on Israeli citizens from entering the Indian Ocean archipelago. This decision comes amid rising public anger in the predominantly Muslim nation over the ongoing war in Gaza. Here are the key details:

  1. Ban Details:

    • The Cabinet of the Maldives decided to change laws to prevent Israeli passport holders from entering the country.
    • A subcommittee will be established to oversee the ban implementation.
    • President Mohamed Muizu will appoint a special envoy to assess Palestinian needs and launch a fundraising campaign.

  2. Israel’s Response:

    • Israel’s Foreign Ministry spokesperson, Oren Marmorstein, recommended that Israelis avoid any travel to the Maldives, including those with foreign passports.
    • Israelis currently in the Maldives are advised to consider leaving.

  3. Tourism Impact:

    • Nearly 11,000 Israelis visited the Maldives last year, accounting for 0.6% of total tourist arrivals.

The ban reflects the Maldives’ stance on the conflict in Gaza and underscores the nation’s solidarity with the Palestinian cause. As tensions persist, this move adds to the geopolitical dynamics in the region.


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