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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...
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U.S. Leverages Starlink Access in Critical Minerals Negotiations with Ukraine

In a high-stakes negotiation, U.S. officials have reportedly threatened to cut off Ukraine's access to the Starlink satellite internet system, owned by Elon Musk's SpaceX, if Kyiv does not agree to a deal on critical minerals. Starlink has been a lifeline for Ukraine, providing crucial internet connectivity amid the ongoing conflict with Russia.

The issue was raised during discussions between U.S. and Ukrainian officials after Ukrainian President Volodymyr Zelenskyy rejected an initial proposal from U.S. Treasury Secretary Scott Bessent. The proposal demanded $500 billion in mineral wealth from Ukraine as repayment for wartime aid, without offering specific security guarantees.

During a recent meeting, U.S. Special Envoy to Ukraine Keith Kellogg reiterated the threat of cutting off Starlink access if an agreement on critical minerals was not reached. The potential loss of Starlink would be a significant blow to Ukraine, which relies on the system for military operations and civilian communications.

Despite the pressure, Zelenskyy has remained firm in his stance, rejecting demands that he believes do not adequately protect Ukraine's interests. Negotiations are ongoing, with both sides working towards a potential agreement.




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