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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Canada Savings Bonds (CSBs) have been around since 1946. But they may not be around for much longer.
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There’s a lot of talk in the business press about the possibility that the Federal Reserve (the American central bank) will raise rates in the coming months. If it does raise rates, how will this affect … Read More
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Chances are you’ve heard about stock market volatility. Perhaps you were listening to the nightly business news or maybe reading the investment section of the newspaper. It’s a term that gets thrown around a lot, but … Read More
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Whether you’re just starting out in the workforce or have been working for decades, it’s wise to think about your eventual retirement. You don’t have to obsess over it, but smart retirement planning can allow you … Read More
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Investors who are looking for fixed-income exposure have a variety of options available to them. For people interested in safer fixed income offerings in Canada, there are a few choices.