Learn more about Canada’s top banks rates, rules and the latest news – read on!
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Best robo-advisors in Canada for 2026 Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
Winnipeggers react to American liquor returning to the shelves - CityNews Winnipeg + MORE Dec 11th
Winnipeggers react to American liquor returning to the shelves CityNews WinnipegSome provinces are selling U.S. booze again — with a holiday twist. Is yours one of them? CBCFord government mulls what to do with blacklisted American booze Toronto StarFord say he’l.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Oct 27th
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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The best credit cards in Canada for 2024 Mar 7th
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The best credit cards in Canada for 2024
Whether you’re looking for rewards, low fees or valuable perks like travel insurance or airport access, we can help.
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How does interest work in a savings account? Sep 10th
Do you know how interest rates work when it comes to your bank account? If not, you’re not alone. Nearly four in 10 Canadians surveyed don’t fully understand it, according to research by Angus Reid on behalf of PC Financial.
When you hold money in a savings account, interest is money you rece.... More »
Will GIC rates keep going up in 2024?
– moneysense.ca
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict with certainty where interest rates are going, the BoC seems in no hurry to reduce rates just yet, having kept the benchmark rate stable at 5% since July 2023.
As a result of these rate hikes, the interest rates available on guaranteed investment certificates (GICs) have risen as well—leading to renewed interest from savers and investors. In fact, over the past 12 months, the average one-year Canadian GIC rate has shot up from 2% to 4.90%. As a result of this move-up in rates, even market-linked GICs—which offer a lower guaranteed interest rate because of higher potential gains linked to the stock market—are offering a minimum guaranteed rate over 2%, as of mid-December 2023.
How high will GIC interest rates go?
The interest rates you pay on various types of debt, like a mortgage or a line of credit, depends mainly on the benchmark rate set by the BoC…
