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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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Trade Tensions Escalate: China and Canada Strike Back at U.S. Tariffs


In a dramatic escalation of global trade tensions, China and Canada have swiftly retaliated against the sweeping tariffs imposed by former U.S. President Donald Trump. The U.S. recently enacted a 25% tariff on most imports from Canada and Mexico, alongside a 10% increase on Chinese goods, doubling the existing duties to 20%.

China responded by imposing tariffs of up to 15% on key U.S. agricultural products, including chicken, wheat, and corn, while Canada announced immediate tariffs of 25% on $20.7 billion worth of American goods, with plans to expand these measures further. Canadian Prime Minister Justin Trudeau condemned the U.S. actions, calling them unjustified and a violation of trade agreements.

These retaliatory measures are expected to disrupt supply chains and increase costs for businesses and consumers, further straining the already fragile global economy. The trade war shows no signs of abating, with all sides digging in for what could be a prolonged economic standoff.

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