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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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Federal Court Upholds Trudeau's Prorogation Decision

 

In a landmark ruling, the Federal Court has dismissed a legal challenge against Prime Minister Justin Trudeau's decision to prorogue Parliament earlier this year. The challenge, brought forward by two Nova Scotia residents, argued that Trudeau's move lacked reasonable justification and undermined Parliament's constitutional role. However, Chief Justice Paul Crampton concluded that the Prime Minister acted within his constitutional authority.

The court acknowledged the applicants' concerns about the growing concentration of power in the executive branch but found no evidence that Trudeau's decision exceeded legal limits or was solely driven by partisan motives. The ruling emphasized that the Prime Minister's advice to the Governor General, Mary Simon, to prorogue Parliament was not subject to judicial review in this context.

Trudeau had justified the prorogation as a necessary "reset" for a gridlocked Parliament and announced his intention to resign as Liberal leader, paving the way for new leadership. The decision has sparked debate about the balance of power between Canada's executive and legislative branches, but for now, the court's ruling affirms the legality of Trudeau's actions.

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