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TSX Steadies After Bond Rout | Canadian Money Brief — May 19, 2026

  TSX Steadies After Bond Rout — But Iran Uncertainty Keeps a Lid on Gains Canadian equities attempt a cautious bounce this morning after last week's sharp sell-off. Oil near US$100 props up energy shares, while gold cools in Canadian-dollar terms and the loonie holds a fragile grip at 72–73 cents US. Canadian Money Brief  ·  moneysavings.ca  ·  May 19, 2026 TSX ~34,020 ▲ Recovering CAD/USD $0.727 → Flat WTI Oil ~US$100 ▲ Elevated Gold (CAD) ~$6,243/oz ▼ Pullback BoC Rate On Hold → Patient Overview Canadian markets opened cautiously higher this Tuesday after the S&P/TSX Composite suffered its worst single-session drop in weeks on Friday, closing at 33,833 — a decline of 1.27% — as a global bond-market selloff combined with stalled US–Iran negotiations hammered sentiment. Today's session opened around 34,027 , with the index trading in a tight range of roughly 33,745 to 34,175, suggesting investors are rebuilding positions but remain wary. The dominant story...
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Canada’s Best Savings and GIC Rates This Week: November 2025 Snapshot

 



Savings Accounts

  • Simplii Financial: Promotional 4.25% for the first 4 months
  • Neo Financial: Tiered rates up to 2.90% if balance exceeds $20,000
  • KOHO: Earn up to 3.50% plus cashback perks
  • EQ Bank: Offers up to 2.75% with added cashback on purchases

Trend: Savings account rates have dipped compared to last year’s highs, but short-term promos still provide attractive yields.

Guaranteed Investment Certificates (GICs)

  • Oaken Financial: 3.40% (1-year) and 3.80% (5-year)
  • MCAN Wealth: 3.65% (1-year) and 3.95% (5-year)
  • DUCA Credit Union: Short-term 4.15% (3-month non-redeemable)
  • Achieva Financial: 3.40% (1-year) and 3.70% (5-year)

Trend: GIC rates have cooled from 2024 highs, with longer-term options now hovering around 3.70–3.95%.

Summary

For Canadians looking to maximize returns this week:

  • Savings accounts with promotional offers (like Simplii’s 4.25%) are the most competitive short-term option.
  • GICs remain a safe bet for those seeking guaranteed returns, with MCAN Wealth leading at 3.95% for 5 years.

Tip: If you want flexibility, chase short-term savings promos. If you prefer stability, lock into a multi-year GIC while rates are still relatively strong.



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