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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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Impact of Canadian Travel Boycott on U.S. Economy Revealed in Fed Snapshot


A recent wave of Canadian travelers boycotting trips to the United States has sparked significant economic ripples, according to a real-time snapshot shared by the Federal Reserve. As political tensions and social movements fuel this growing trend, border communities and travel-related industries in the U.S. are feeling the strain.

Experts suggest that reduced Canadian spending in hotels, restaurants, and retail outlets is contributing to notable revenue losses for American businesses. Industries reliant on cross-border tourism are scrambling to adapt, with some even launching campaigns to appeal to Canadian tourists and repair relations. Meanwhile, Canada's domestic travel market appears to be thriving as Canadians opt to explore their own country.

The Federal Reserve’s data highlights the interconnected nature of the two nations’ economies, underscoring how consumer behavior on one side of the border can have immediate consequences on the other. This boycott serves as a reminder of the power of collective action and its capacity to bring attention to broader political and social issues.

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