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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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How U.S. Tariffs on Canada Could Drive Up Prices for Consumers


With the possibility of new U.S. tariffs on Canadian imports, consumers may soon see higher prices on everyday goods. Canada is a key trade partner, supplying everything from raw materials to finished products. If tariffs are imposed, here’s what could get expensive first:

  1. Lumber & Construction Materials – Canada is the largest foreign supplier of softwood lumber to the U.S. Tariffs could raise homebuilding and renovation costs.
  2. Vehicles & Auto Parts – Canadian auto plants export billions in cars and parts annually. Higher costs could lead to increased vehicle prices.
  3. Food & Beverages – From maple syrup to seafood, Canadian agricultural exports would likely see price hikes at U.S. grocery stores.
  4. Aluminum & Steel Products – These metals are essential for industries like aerospace, construction, and beverage packaging, meaning everything from soda cans to airplanes could get pricier.
  5. Energy & Fuel – Canada is a major oil and gas supplier. Tariffs on crude oil imports could lead to higher gas prices at the pump.

While the U.S. could use tariffs as a tool for trade negotiations, the economic impact on consumers and industries would be hard to ignore. Whether these measures are implemented remains to be seen, but the potential for price increases is real.

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