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Rate Watch: Best GIC, Savings and Mortgage Rates in Canada (Nov 13, 2026)

  Rate Watch | Canadian Money Brief Best GIC, Savings and Mortgage Rates in Canada Today Friday, November 13, 2026 • Bank of Canada rate 2.50% • Prime 4.70% The Bank of Canada raised its policy rate to 2.50% on October 28. Savers saw very little of it: GIC rates barely moved, and big-bank savings accounts still pay next to nothing. Borrowers saw more of it: the lowest 5-year fixed mortgage rate crept up from 4.34% to 4.44% after bond yields jumped. Here is where the best rates sit today. 4.05% Best 1-yr GIC WealthONE 4.55% Best 5-yr GIC WealthONE 2.85% Top HISA (no promo) WealthONE / Saven 4.44% Lowest 5-yr fixed insured mortgage 3.60%+ Lowest 5-yr variable insured mortgage Best GIC Rates Term Best rate Provider Runner-up 1 year 4.05% WealthONE Bank of Canada Achieva Financial 3.95% 2 years 4.30% WealthONE Bank of Canada Achieva Financial 4.10% 3 years 4.40% WealthONE Bank of Canada MCAN, Oaken, Saven 4.30% 5 years 4.55% WealthONE Bank of Canada Oaken Financial 4.50% Big banks, 1 y...
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Israel Strikes Hezbollah Targets in Eastern Lebanon After Drone Incident



Israel has escalated its military response in eastern Lebanon following an incident where Hezbollah shot down an Israeli drone. Tensions between the two sides have been mounting, and this recent exchange of fire adds to the regional instability.

On Sunday, April 7, 2024, Hezbollah, an Iran-backed armed group, downed an Israeli unmanned aerial vehicle (UAV) over Lebanese airspace. The drone in question was identified as the Israeli-made Hermes 900. In retaliation, Israel launched air strikes on Hezbollah infrastructure sites in eastern Lebanon.

The Israeli Defense Forces (IDF) reported that fighter jets targeted a military complex and three other infrastructure sites belonging to Hezbollah in the city of Baalbek. These strikes were a direct response to the UAV incident. Fortunately, there were no reported casualties from the attacks.

Hezbollah and Israel have been engaged in cross-border skirmishes since October 8, 2023. The conflict intensified after Hamas, a Palestinian group, launched an attack on Israel, leading to a war in Gaza. As a result, both sides have continued to trade fire, resulting in casualties and displacement of civilians.

While the U.S. and other countries advocate for a diplomatic resolution, the situation remains volatile. Hezbollah has stated that it will not cease fire until a ceasefire is implemented in Gaza. As the conflict persists, the international community closely monitors developments in the region.

In summary, the recent strikes in eastern Lebanon underscore the ongoing tensions between Israel and Hezbollah. As both sides remain entrenched, efforts to find a peaceful resolution continue amidst the backdrop of regional instability.


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