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5 Things to Know Today — June 7, 2026

  Canada woke up to a week packed with market-moving events. Here are the five things every Canadian needs on their radar heading into Monday. 1 Labour Market Canada's Jobs Surprise: 88,000 Added in May Canada's labour market delivered a stunner on Friday. Statistics Canada reported 88,000 jobs were added in May — nearly nine times the 10,000 gain economists had forecast. The unemployment rate dropped to 6.6% from 6.9%, the lowest since January. Full-time work drove the gains, with construction, transportation, and information sectors leading the charge. The May report is the first significant employment gain since November 2025 and claws back most of the 112,000 jobs lost in the first four months of the year. Why it matters — This is welcome news for Canadians anxious about a technical recession, but the gains only partly offset earlier losses. A hotter labour market also raises the odds the Bank of Canada could hike rather than cut rates — watch the June 10 decision closel...
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Top 15 High-Interest Savings Accounts in Canada for 2025: Where Your Money Works Harder


In 2025, Canadians are more financially savvy than ever, and choosing the right high-interest savings account (HISA) can make a significant difference in growing your wealth. Whether you're saving for a rainy day, a big purchase, or just want your money to earn more while sitting safely, these accounts offer competitive interest rates, low fees, and flexible access.

Here’s a roundup of the 15 best high-interest savings accounts in Canada this year:

Best High-Interest Savings Accounts in Canada (2025)

Bank / InstitutionAccount NameInterest Rate (Approx.)Key Features
EQ BankSavings Plus Account4.00%No monthly fees, free transfers
TangerineHigh-Interest Savings AccountUp to 5.00% (promo)Mobile app, automatic savings tools
Simplii FinancialHigh Interest Savings AccountUp to 5.25% (promo)No fees, easy online access
Neo MoneyNeo High-Interest Account4.00%No fees, cashback integration
Motive FinancialSavvy Savings Account4.10%High rate, online-only banking
Oaken FinancialOaken Savings Account3.75%CDIC insured, no monthly fees
WealthsimpleCash Account4.00%No fees, investing integration
Alterna BankHigh Interest eSavings Account3.75%Free transfers, no fees
KOHOEarn Interest AccountUp to 5.00% (with direct deposit)Prepaid card integration
Manulife BankAdvantage Account3.85%Hybrid chequing/savings
Hubert FinancialHigh Interest Savings4.15%Manitoba credit union, online access
Outlook FinancialHigh Interest Savings4.10%No fees, strong rates
Achieva FinancialHigh Interest Savings4.05%Manitoba-based, CDIC insured
Saven FinancialHigh Interest Savings3.90%Ontario credit union, online banking
Canadian Tire BankHigh Interest Savings3.75%Trusted brand, easy access

Note: Rates are subject to change and may include promotional offers. Always check the institution’s website for the most current details.

Tips for Choosing the Right HISA

  • Compare rates regularly: Promotions can boost your earnings temporarily.
  • Watch for fees: Many online banks offer no-fee accounts.
  • Consider access: Mobile apps and online transfers make saving easier.
  • Check insurance: Look for CDIC or provincial deposit insurance coverage.


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