Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Remnants of Hurricane Beryl to Drench GTA with Heavy Rainfall

                                 

The remnants of Hurricane Beryl are set to bring heavy rainfall to the Greater Toronto Area (GTA) today. According to Environment Canada, periods of torrential downpours are possible, and the federal weather agency has issued a rainfall warning for much of southern Ontario, including Toronto.

Rain began overnight, and up to 60 millimeters of rain are expected for much of Toronto and surrounding areas throughout the day, although some areas could see even more. Meteorologist Daniel Liota warns that the morning commute could be treacherous due to heavy downpours, which can cause flash floods and water pooling on roads. Localized flooding in low-lying areas is also possible.

The Toronto and Region Conservation Authority (TRCA) has issued a flood watch, urging the public to stay away from streams, rivers, and shoreline areas. Recreational activities in or around water should be avoided at this time due to rapidly changing conditions.

Hurricane Beryl initially made landfall in Grenada before moving deeper into the Caribbean Sea, affecting Jamaica and eventually Mexico. As it moved over Texas, it weakened to a tropical storm, causing tornadoes and flooding. The unique aspect of this event is the tropical, moisture-laden air mass associated with the remnants of Hurricane Beryl, which contributes to the potential for torrential downpours in the GTA.

The heavy rainfall is expected to taper into scattered showers later tonight and into Thursday, according to Environment Canada’s forecast.




Labels:

Comments

Post a Comment