GIC

This post was first published on November 16, 2023, and was updated on April 3, 2024. Nearly half of Canadians (49%) aren’t confident that they …

While a recession hasn’t officially been declared, Canadians’ spidey senses are tingling. Whether it’s soaring inflation, rising interest rates …

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.

Alterna Bank is one of Canada’s most popular alternative banking institutions. This review provides more information about Alterna bank, with an in-depth analysis of their leading personal finance products.

Many of us can handle dip into our emergency fund or line of credit. Unfortunately, there are people that don’t have either option and they choose to get a payday loan instead.

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?