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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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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 savers who want predictable growth without market volatility.

What This Means for Savers

  • Short‑term savers may prefer HISAs for easy access to funds.
  • Long‑term planners can secure higher returns by locking in with multi‑year GICs.
  • Digital banks continue to outperform traditional institutions in both categories.


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