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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There’s a definite upside to having a high-interest savings account. Compared to a regular savings account, the interest you earn is simply much greater. In fact, while regular savings accounts typically pay anywhere between 0.05% and … Read More
Read articleIt’s a rare there’s an investment that’s almost guaranteed to lose money but it does seem to exist. It’s called a money market mutual fund.
Read articleLearn about the benefits of RRSPs and TFSAs, and how to use each to maximize the return on your money.
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