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Canada’s Best Savings and GIC Rates This Week: November 2025 Snapshot

  Savings Accounts Simplii Financial : Promotional 4.25% for the first 4 months Neo Financial : Tiered rates up to 2.90% if balance exceeds $20,000 KOHO : Earn up to 3.50% plus cashback perks EQ Bank : Offers up to 2.75% with added cashback on purchases Trend: Savings account rates have dipped compared to last year’s highs, but short-term promos still provide attractive yields. Guaranteed Investment Certificates (GICs) Oaken Financial : 3.40% (1-year) and 3.80% (5-year) MCAN Wealth : 3.65% (1-year) and 3.95% (5-year) DUCA Credit Union : Short-term 4.15% (3-month non-redeemable) Achieva Financial : 3.40% (1-year) and 3.70% (5-year) Trend: GIC rates have cooled from 2024 highs, with longer-term options now hovering around 3.70–3.95% . Summary For Canadians looking to maximize returns this week: Savings accounts with promotional offers (like Simplii’s 4.25%) are the most competitive short-term option. GICs remain a safe bet for those seeking guaranteed ...

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Alberta Premier Danielle Smith Replaces Deputy Health Minister Amid AHS Allegations

 

In a significant political move, Alberta Premier Danielle Smith has removed Deputy Health Minister Andre Tremblay following allegations of government interference in lucrative medical contracts. The decision comes in the wake of a lawsuit filed by former Alberta Health Services (AHS) CEO Athana Mentzelopoulos, who claims she was wrongfully dismissed for investigating questionable contracts pushed by high-ranking government officials.

Mentzelopoulos alleges that she faced pressure from government officials, including those in the premier's office, to sign off on contracts with surgical facilities at inflated prices. The lawsuit, which has not yet been tested in court, also claims that Health Minister Adriana LaGrange attempted to thwart her probe into these contracts.

Premier Smith has announced that Tremblay will continue to serve as the head of Alberta Health Services while the government conducts an internal review. Smith has also stated that an independent third party will be hired to assist with the investigation and that a "legal conflicts wall" will be established to separate the ongoing work of those implicated from the investigation.

Despite calls for a public inquiry, Smith has opted for an internal review, emphasizing the government's commitment to transparency and accountability. Both Smith and LaGrange have denied any involvement in the awarding of private surgery contracts, asserting that all contracting decisions were made by AHS staff.

The allegations have sparked a political firestorm in Alberta, with opposition parties and some members of Smith's cabinet calling for a more thorough investigation. As the situation unfolds, the government faces mounting pressure to address the concerns raised by Mentzelopoulos and ensure the integrity of Alberta's healthcare system.


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