With files from Jordan Lavin There’s a lot to figure out when you first move to Canada. It doesn’t take long to learn how to shovel snow, why …
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If you’re looking at buying a GIC, there are a number of issues you’ll want to think about first: Whether to get a cashable or redeemable GIC, how long a term you’re comfortable with, and of … Read More
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GICs come in all shapes and sizes: Long- and short-term, cashable and non-redeemable, and even equity-linked GICs.
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In a previous post, we looked at the relationship between the prime rate and savings account interest rates. But what about the linkage between the prime rate and GIC rates?
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You can be forgiven if you’re a bit confused by all the different interest rates that get quoted in the news. There are long-term bond rates, short-term bond rates, posted mortgage rates, and savings account rates, … Read More
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More competition in any industry tends to help consumers. And in the case of GICs, it may mean slightly higher interest rates in the months ahead.
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