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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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Trump's Tariff Tango: A Chaotic Dance of Trade Policies

The Trump administration's tariff plans have left many scratching their heads. With a schedule that seems to shift as often as the wind, businesses and governments alike are struggling to keep up. The latest development involves a 25% tariff on Canadian goods, set to take effect on March 4. This move, according to President Trump, is aimed at combating the flow of fentanyl into the United States, despite evidence suggesting that Canada is not a significant source of the drug.

Adding to the confusion, Trump has also announced reciprocal tariffs on all trading partners, scheduled for April 2. These overlapping deadlines and mixed messages have created uncertainty in international trade, a hallmark of Trump's policy approach.

Canadian Prime Minister Justin Trudeau has vowed to retaliate with tariffs on American goods if these measures proceed. Meanwhile, businesses on both sides of the border are bracing for economic turbulence.

The ever-changing nature of these tariffs underscores the unpredictability of the current trade landscape. As deadlines loom, the world watches to see how this high-stakes game of economic brinkmanship will unfold.

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