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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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Bad Boy Furniture Warehouse Declared Bankrupt After Failing to File Proposal

 

Bad Boy Furniture Warehouse, a Toronto-area furniture retailer, has been declared bankrupt after failing to file a proposal under the Bankruptcy and Insolvency Act. 

The company had filed a notice of intention in November 2023, stating that it aimed to restructure its business. However, it failed to file a cash-flow statement or proposal in time, and is now deemed to have made an assignment. The Ontario court gave Bad Boy permission to begin liquidation sales in November 2023.

The company’s failure to file a proposal has resulted in its bankruptcy, which has been confirmed by a document on the website of bankruptcy trustee KSV Advisory. The company’s bankruptcy is a significant blow to the furniture industry, and it remains to be seen how it will affect the industry as a whole.


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