What is a broker? If you’re getting a mortgage, investing in shares, or opening a GIC, you need to know what a broker is and how they can help you.
Guaranteed Investment Certificates (GICs) are fairly popular in Canada. As an investing method, they’re among the lowest risk methods available in Canada. GICs are insured in their principal amount, as well as in the interest that they accrue. This makes them a solid option for investors with lower risk-tolerance profiles that prefer conservative, safe investment options. But how does a GIC work exactly?