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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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Tariff Tensions Shake Premarket as Inflation Data Looms

                                         

U.S. futures are exhibiting notable jitters in premarket trading following President Trump’s latest warning on imposing additional tariffs on countries that levy duties on U.S. imports. The renewed threat is adding to an already volatile atmosphere, with investors bracing for the imminent release of key inflation data later this morning.

Market participants are expressing heightened caution as the tariff threat intensifies trade policy uncertainty. “The prospect of extra tariffs not only disrupts global supply chains but also compounds inflationary pressures,” said one market strategist. Many fear that protectionist measures could fuel higher consumer prices, especially in sectors already under pressure from rising costs.

U.S. futures for major indices—the Dow Jones, S&P 500, and Nasdaq—are showing mixed movements as traders weigh the potential economic fallout. The dollar has strengthened modestly, reflecting a flight to safety amid concerns over policy unpredictability and persistent inflation. Investors are closely watching upcoming economic reports, including the Producer Price Index, which could offer further insights into the inflationary trend.

With President Trump signaling that any country imposing duties on U.S. goods might face reciprocal tariffs, experts warn that such measures could trigger a broader trade war. This would not only escalate global economic tensions but also undermine the Federal Reserve’s efforts to maintain price stability. For now, traders remain alert, anticipating that the forthcoming inflation data could significantly influence both market sentiment and future monetary policy decisions.

As uncertainty persists, analysts advise investors to proceed with caution and keep a close eye on how these policy moves, alongside the inflation readings, may shape the trading day ahead.

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