Canada has several major banks and many schedule II banks – but with rates and plans all over the map, it’s difficult to know where to bring your business. Our aim is to help you navigate Canada’s banking options to discover which one suits your needs best.
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The best GIC rates in Canada for 2025 + MORE Jan 19th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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NHL contract grades: Another win for the Maple Leafs in adding Max Domi - The Athletic + MORE Jul 3rd
NHL contract grades: Another win for the Maple Leafs in adding Max Domi The AthleticMax Domi signs with Maple Leafs as GM Treliving banks on throwbacks Sportsnet.caNHL free agency 2023: Maple Leafs sign Max Domi to 1-year deal Yahoo Canada SportsMax Domi signed by th.... More »
The best GIC rates in Canada for 2026 Jul 21st
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Jun 30th
Savings comparison tool
Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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How GIC interest rates work + MORE Aug 9th
Guaranteed investment certificates, or GICs for short, are low-risk investments offered by banks and other financial institutions. In exchange for committing your money for a term ranging from 30 days to 10 years, the bank will pay you a guaranteed rate of interest.
GICs are particularly safe bec.... More »
THE CANADIAN PRESS/Sean KilpatrickThe Bank of Canada says elevated home prices in Toronto and Vancouver and record levels of household debt have become bigger worries over the past six months. The central bank’s latest biannual review of the Canadian financial system says those two “vulnerabilities” have worsened since its last report.
Still, the central banks continues to see those factors as red flags, not full-fledged threats. The June Financial System Review (FSR) says there is only a moderate threat of a financial crisis occurring, the same as its previous report.
Glass half full: Household debt continues to grow much faster than wages. Because of that, a recession could have a big impact on the economy. However, policy makers don’t want us to worry too much: they grade the risk of a “severe” downturn as “low.” The latest FSR also looks closer at how a price correction in Toronto and Vancouver would play out in the broader economy. They conclude the impact likely would be contained…
