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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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China Retaliates Against U.S. Tariffs with Agricultural Countermeasures

 

In a significant escalation of trade tensions, China has announced retaliatory tariffs on a range of U.S. agricultural products. This move comes in response to the United States' decision to increase tariffs on Chinese imports. The newly imposed Chinese tariffs, set to take effect on March 10, will target key American exports, including soybeans, pork, beef, and poultry, with additional duties ranging from 10% to 15%.

The agricultural sector, a cornerstone of U.S. exports to China, is expected to feel the brunt of these measures. Soybeans, the largest U.S. agricultural export to China, will face a 10% tariff, potentially disrupting a trade flow valued at nearly $13 billion annually. Other affected products include wheat, corn, cotton, and various dairy and seafood items.

China's actions highlight its strategic approach to diversifying its agricultural imports, with increased reliance on suppliers from South America and other regions. This development underscores the growing economic friction between the world's two largest economies, with both sides showing no signs of backing down.


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