This Week’s Highest Savings Account and Guaranteed Investment Certificate Rates

This week’s highest savings account and guaranteed investment certificate rates

As institutions adjust to recent cuts by the Bank of Canada, consumers may see returns fade

Bank of Canada Cuts Rates to 2.25%, Warns of Structural Economic Damage

Dan Knight Governor Tiff Macklem concedes the downturn runs deeper than a business cycle, citing trade wars, weak investment, and fading population growth as permanent drags on Canada’s economy. In an extraordinary press conference on October 29th, 2025, Bank of Canada Governor Tiff Macklem stood before reporters in Ottawa and calmly described what most Canadians have already been feeling for months: the economy is unraveling. But don’t expect h…

Bank of Canada points to tariffs for weak growth, soft labor market

Bank of Canada trims rate to 2.25% and says US tariffs caused structural damage, keeping growth weak and the labour market soft.

Trade Dispute with U.S. Continues to Cause Economic Uncertainty in Canada

The Bank of Canada is warning that current economic weakness in the country is more than just a cyclical downturn. Governor Tiff Macklem says after six months of a trade dispute with our neighbours to the south, the impact of tariffs and continued uncertainty are having an impact. Tiff Macklem (CPAC) “U.S. trade conflict has diminished Canada’s economic prospects,” says Macklem. “The structural damage caused by tariffs is reducing the productive…