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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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Ontario College Faculty Strike Averted with Binding Arbitration Agreement

 


In a significant development, the College Employer Council and the Ontario Public Service Employees Union (OPSEU) have reached an agreement to enter binding arbitration, effectively averting a strike that could have impacted faculty and students across Ontario. 


The union, which represents over 15,000 faculty members, had issued a five-day strike notice last week, warning that labor action could begin as early as Thursday. However, after mediation sessions this week, both sides agreed to let an arbitrator resolve the remaining issues. 


While "significant benefit gains" were achieved in negotiations, several key issues, including work conditions, job security, and quality of education, remained unresolved. These outstanding matters will now be addressed by the arbitrator, who will make a final, binding decision.


The College Employer Council has assured that classes will continue as scheduled, ensuring that students' education will not be disrupted. 


This move to arbitration is seen as a positive step in resolving the dispute without the need for a strike, allowing faculty members to continue their work and students to stay on track with their studies. The outcome of the arbitration will be closely watched as it could set the tone for future negotiations in Ontario’s education sector.



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