You’ll receive a guaranteed rate of interest when the GIC matures—no need to worry about market volatility. GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage ...

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. MoneySense is an ...

Our opinions are our own. The prime rate is a base rate set by financial institutions in Canada to determine the variable interest rates they can charge on lending products, such as mortgages and ...

Explaining the decision in his opening remarks, Bank of Canada governor Tiff Macklem said the economy started the year strong, with solid GDP growth ... Canada cuts interest rate, warns it ...

The Bank of Canada ... s interest rate hikes slowed the economy and pushed up unemployment. Subsequent rate cuts gave a boost to the economy through the back half of last year, with GDP growing ...

President Trump unveiled sweeping tariffs that included actions on dozens of countries at very high levels.

The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with ...

(Sean Kilpatrick/The Canadian Press) The Bank of Canada's top decision makers signalled they likely would have hit pause on the interest rate easing cycle earlier this month if not for the ...

As the BoC’s interest ... rate mortgages and other loans. November 25, 2024: Then President-elect Donald Trump announced his intention to impose a 25% tariff on products entering the U.S. from ...

Interest rates in Canada could rise and stay higher ... s broad-based 25 per cent tariffs on steel and aluminum imports, which include Canada. Here’s a look at what the OECD had to say about Canada.