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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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Russia Deploys Submarine as U.S.–Venezuela Tanker Standoff Escalates

 

The ship, currently between Iceland and the British Isles, has been accused of breaking US sanctions and shipping Iranian oil. It has historically transported Venezuelan crude oil.


Russia has sent a submarine and additional naval vessels to escort an oil tanker that the United States attempted to seize near Venezuela, escalating an already tense maritime confrontation. The tanker, recently renamed Marinera, was approached by a U.S. Coast Guard cutter as part of Washington’s efforts to disrupt sanctioned oil shipments linked to Venezuela.

Russian officials framed their naval deployment as a protective measure for a vessel they now consider under their jurisdiction. Footage released by Russian media showed the U.S. cutter shadowing the tanker as it continued its voyage after failing to load crude in Venezuelan waters.

The move highlights the growing geopolitical friction surrounding Venezuela’s oil trade, where U.S. sanctions and Russia’s support for Caracas frequently collide. Naval escorts of this nature are rare, and analysts say the involvement of a submarine signals Moscow’s willingness to challenge U.S. enforcement efforts more directly.

As the tanker proceeds across the Atlantic, both nations appear determined to stand firm, raising concerns about further escalation at sea.


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