The best TD credit cards in Canada + MORE Nov 1st

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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What’s the best way to pay down debt? + MORE Sep 2nd

As a Certified Financial Planner (CFP), a common question I hear from Canadians is how to better understand their debt. Questions like: How did I get here? What is the best approach to paying my debt off? Many Canadians have debt of different amounts and for many different reasons. Common types .... More »

Deficit soars to $78.3 billion as Carney budget bets big on 'investment' spending while slashing public service Nov 5th

Carney’s minority government stakes its survival on the plan that books more than $141 billion in new federal spending over the next five years..... More »
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How often should you check in on your finances? + MORE Jan 3rd

New year, new financial goals. That’s how many of us begin each January, only to see progress falter as the weeks go on. One way to combat that problem is to create regular check-ins for yourself to stay on track. The Canadian Press spoke to experts to help build out a list of financial tasks .... More »

Cash vs. stock: MEG shareholders face stark choice in takeover battle + MORE Sep 9th

The battle to take over MEG Energy Corp. is pitting a friendly cash-heavy offer from one of Canada’s biggest oilsands producers against a retooled hostile bid from Strathcona Resources Ltd. that’s now based entirely on stock.  Under an amended offer announced Monday, Strathcona i.... More »
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Best bank accounts for side hustles in Canada 2026 + MORE May 20th

More and more Canadians are learning how to hustle, with an estimated 28% of Canadians taking on short-term or freelance work, according to an H&R Block study. Gig work can be great for supplementing your income or paying for unexpected expenses, but you may want to keep that income separate fro.... More »
The best TD credit cards in Canada

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The best TD credit cards in Canada
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MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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The best GIC rates in Canada for 2023
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.

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Why trust us

MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings from over 12 major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

By Keph Senett and Justin Dallaire on November 1, 2023Estimated reading time: 21 minutes

The rates offered on guaranteed investment certificates (GICs) are higher than they have been in a long time. Currently, Canadians can purchase GICs with rates in the 5% range—an opportunity few would have thought possible just a few years ago…

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