Wall Street and the dollar tumble as investors retreat further from the United States – Yahoo + MORE Apr 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.

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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 of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

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Highest GIC rates in Canada

Banks, credit unions, trust companies and discount brokerages all offer GICs. Below, you’ll find the best rates available from a variety of financial institutions, including credit unions and Canada’s Big Six banks. The rates listed are for non-redeemable GICs held in non-registered accounts—the most popular type of GIC in Canada…

Ask MoneySense
My CRA RRSP deduction limit shows I have contribution room of $25,051. But my wife and I have RRIF accounts as we’ve already turned 71. Should I ignore this RRSP contribution limit?

—Bob

Your annual notice of assessment (NOA) and your online Canada Revenue Agency (CRA) My Account service both report your registered retirement savings plan (RRSP) contribution room. And when it comes to age, the CRA does not discriminate. It reports your RRSP room, or lack thereof, in both places, whether you’re a young person with no contribution room or a senior far into retirement.

Your RRSP contribution limit after 71

I can understand your confusion, Bob, because you and your wife have converted your RRSPs to registered retirement income funds (RRIFs). An RRSP account holder needs to do this by no later than December 31 of the year they turn 71.

There’s a spot on your NOA and in your CRA online account to report your RRSP room, so the CRA will provide your RRSP deduction limit, even though you’re no longer contributing to your RRSPs…

While buying Canadian may be all the rage right now, it’s not a sound investing strategy. We tend to have too many domestic stocks in our investment portfolios to begin with, often resulting in lower returns and higher exposure to Canada-specific risks. This home-country bias can be doubly risky if our jobs or other income sources are also threatened—say, by a tariff war with the United States.

Fortunately, investing in foreign equities has never been easier for Canadians. Trading fees continue to edge downward for stocks listed on U.S. and international stock exchanges, and there are hundreds of low-fee exchange-traded funds (ETFs) invested in foreign stocks to choose from right here in Canada.

Plus, if you’re interested in specific global stocks—say, Nvidia or SAP—more and more equities are available in Canada in the form of Canadian depository receipts (CDRs). In the first quarter of 2025, Canada’s two CDR issuers, CIBC and BMO, expanded their roster of CDRs beyond U…

Wall Street and the dollar tumble as investors retreat further from the United States  YahooStock market today: Dow sinks 1,200 points, S&P 500, Nasdaq tank with Trump’s tariffs, Powell bashing in focus  Yahoo FinanceNorth American stock markets fall further as Trump’s Fed criticism shakes markets again  The Globe and MailDow Jones Futures Slide 400 Points On China Trade Warning; Nvidia, Tesla Sell Off  Investor’s Business DailyNorth American stock markets tumble in early trading Monday amid Trump trade war, recession concerns  Toronto Star