Where are GIC rates headed during the end of 2024? On Sept. 4, 2024, the Bank of Canada lowered its benchmark interest rate from 4.5% to 4.25%, marking the third consecutive cut to its key lending ...

Unlike bonds, whose prices rise when interest rates fall, GICs do not benefit from falling rates. Over the past 42 years, the ...

The following are the best TFSA GIC rates available in Canada as of October 10, 2024: WealthOne Bank of Canada – 4.60% (1-year) ICICI Bank – 4.50% (1-year) WealthOne Bank of Canada – 4.50% ...

We’ve found the best 5-year GICs in Canada and this article covers their pros, cons and interest rates. We compared 504 GICs at 43 financial institutions to find some of the best options available.

GICs do not benefit from falling rates. Over the past 42 years, the FTSE Canada Universe Bond Index has outperformed GICs in all but seven years. This is because yield alone does not equal the ...

Longtime London financial adviser and insurance broker Robert (Randy) Hawken, 66, faces criminal charges and multiple civil ...

In retirement it’s natural to want to remove the stress that comes with owning a single-family home. The most common decision ...

What are the best low-risk, high-return investments? Start by understand the relationship between risk and reward and ...

On the downside, it means the interest rates you can earn on guaranteed investment certificates (GICs)—a popular short-term savings vehicle in Canada—have started to drop. Already, 5% GICs ...

BNS stock is a good candidate for investors seeking more income with long-term capital. The post Is BNS Stock a Buy for its 5 ...