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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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Carney and Trump Set to Meet Amid Renewed Diplomatic Focus

 

Prime Minister Mark Carney and U.S. President Donald Trump are preparing for their first in-person meeting following a phone call on Tuesday. The conversation, which came shortly after Carney's election victory, emphasized the importance of Canada and the United States collaborating as independent, sovereign nations. Both leaders agreed to work together for mutual benefit and to meet in the near future.

This meeting comes at a pivotal time, as Carney's government navigates a minority mandate and ongoing trade tensions with the U.S. The discussions are expected to address key issues, including tariffs on Canadian exports and broader economic cooperation.

Carney's victory speech highlighted his commitment to uniting a divided Canada and fostering stronger ties with international partners. The upcoming meeting with Trump will likely set the tone for future Canada-U.S. relations.

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