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Tag: GIC

10 commonly asked GIC questions

Check out these 10 commonly asked questions about GICs and how to incorporate GICs into your savings plans.

At first glance, a Guaranteed Investment Certificate (GIC)may seem a very straightforward investment, but there’s actually a few things you need to consider before choosing a GIC. To help provide some insights into GICs, we’ve developed this list of the 10 most commonly asked questions. If you’re still unsure about anything here, we’d be happy … read more

Will Canada join the negative interest rate club?

Negative Interest Rates in Canada

In discussing its recent decision to hold the benchmark lending rate steady at 0.5 percent, Bank of Canada Governor Stephen Poloz did not rule out the possibility of implementing a negative interest rate if the economy doesn’t show increased strength in the coming months. While Canada has never adopted a negative interest rate before, the … read more

GIC basics for the Canadian investor

Are you interested in learning how GICs could be incorporated into your portfolio, but confused by how they work? Are you unsure how to find the best GIC rates, or even if it makes sense for you to invest in GICs at this particular time? If this describes you, then this 3-part series of posts … read more