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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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Stock Market Today: Indexes Slip As Traders Await Nvidia Earnings

 


US stocks slid lower on Wednesday as traders looked ahead to Nvidia’s highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. Here are the key points:

  1. Market Performance:
    • All three benchmark indexes traded lower.
    • Bond yields ticked higher, with the 10-year Treasury yield rising three basis points to 4.451%.
  1. Nvidia Earnings:
    • Investors eagerly awaited Nvidia’s earnings report.
    • The company reported adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, representing a significant jump of 461% and 261%, respectively, from a year ago.
    • Analysts had expected adjusted EPS of $5.65 on revenue of $24.69 billion.
    • Nvidia also announced plans for a ten-for-one stock split, set to take effect on June 7.
  1. Federal Reserve Minutes:
    • Markets reacted to the minutes from the Federal Reserve’s May meeting.
    • The minutes revealed that “various” Fed officials mentioned a “willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.”

In summary, the stock market faced two significant tests today: Nvidia’s pivotal earnings report and the Fed’s cautious stance on inflation risks. Investors closely monitored these developments, leading to a slight decline in major indexes.


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