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Top Savings and GIC Rates in Canada This Week

                                                                             Canadians looking to maximize their returns on safe investments have strong options this week, with both high-interest savings accounts (HISAs) and guaranteed investment certificates (GICs) offering competitive rates. High-Interest Savings Accounts KOHO Earn Interest Account continues to lead with an impressive 3.5% interest rate , offering unlimited transactions and cashback perks. Other online banks and credit unions are hovering around 3.0%–3.25% , making HISAs a flexible choice for those who want liquidity while still earning meaningful returns. Guaranteed Investment Certificates (GICs) For short-term savers, MCAN Wealth is offering 3.65% on a 1-year GIC , one of the hig...
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China Calls for Dialogue Amid Market Turmoil Following US Tariffs

China has responded to the recent market upheaval caused by U.S. President Donald Trump's tariffs, stating that "the market has spoken" in rejecting the trade measures. The tariffs, which include a 34% levy on Chinese goods, have escalated tensions between the world's two largest economies. In retaliation, China imposed similar tariffs on U.S. goods and introduced export restrictions on rare earth materials.

The global stock markets reacted sharply, with significant losses marking the biggest downturn since the pandemic. The S&P 500, for instance, dropped by 9% over the week. Chinese foreign ministry spokesperson Guo Jiakun emphasized the need for "equal-footed consultation" to resolve trade differences and urged the U.S. to reconsider its approach.

Chinese commerce associations have also called for unity in exploring alternative markets, warning that the tariffs could exacerbate inflation in the U.S. and increase the likelihood of a recession. The trade dispute continues to unfold, with both sides showing no immediate signs of backing down.

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