Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th

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Mark Carney tells U.S. investors Canada 'can help make America great again' May 28th

The prime minister urged New York investors and the American administration to see Canada as a trusted ally and safe haven for investment..... More »
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NATO set to unveil billions in arms deals to prove its firepower to Trump + MORE Jul 7th

ANKARA, Turkey (AP) — NATO on Tuesday will showcase a series of new military projects worth billions of dollars in an attempt to convince U.S. President Donald Trump that the allies are stepping up defense spending and converting investment into….... More »
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Don’t get taken in by event ticket scams Jun 29th

At long last, the FIFA World Cup has kicked off in cities across North America. If you’re not fazed by single-ticket prices in the four figures, may we offer a word of caution: stalwart footy fans are not the only ones attracted to events like this. So are scam artists.  Cyber-criminals lo.... More »
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Are women getting the right advice about RESPs? Apr 30th

When my first child was born in early 2011, I wanted to set up a registered education savings plan (RESP) as soon as possible. My husband didn’t have any student debt of his own, but I’d left university with over $40,000 owing on a line of credit—a huge number that I carried into our marriage .... More »

RBC beats profit expectations, raises dividend and plans to buy back shares - The Globe and Mail May 28th

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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…

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Wealthsimple-X deal sparks investor risk concernsA new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors. 

Through the partnership launched this week, Wealthsimple customers who have its app on their phone can click stock tags on X and be taken to a page that shows the share’s performance. It also has a button that leads to the fintech’s platform, where they can trade shares. Experts say the arrangement is likely to expose Wealthsimple, a Toronto-based financial services company increasingly squaring off against larger traditional banks, to an even bigger audience but may also lure customers into making riskier trades hyped by influencers or other social media users.

“It’s a marketing tool, it’s a way to attract revenue and it is a way to reach out to the population of X users, who especially given the recent political shifts, are very much into trading and DIY investing,”  said Marius Zoican, the Canada Research Chair in Financial Technology and associate professor at the University of Calgary…

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

Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…

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