TSX getting you down? There are always sound investment alternatives.
Latest News
The new Canadian Mortgage Charter explained - CBC News + MORE Nov 23rd
The new Canadian Mortgage Charter explained CBC NewsWhen people are worried about job security they don't buy a new house: mortgage broker BNN BloombergCanada has a new measure to help homeowners pay their mortgages. Here’s what you need to know NOW TorontoNot all .... More »
CN reports higher Q2 profit but cuts outlook due to tariff concerns + MORE Jul 24th
Canadian National Railway Co. reported its profit ticked up during its second quarter compared with last year, as it said trade uncertainty is making it difficult for it to provide investors with an outlook.
The Montreal-based company said in a release Tuesday that it is removing its previo.... More »
The best 5-year fixed mortgage rates in Canada + MORE Jul 18th
Mortgages
The 20 best credit cards in Canada for July 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
The top crypto platforms and apps in Canada 2022 + MORE Jul 19th
If you’re thinking about investing in cryptocurrencies such as bitcoin, ethereum or cardano, choosing a crypto trading platform will likely be one of the first steps. Canada has several home-grown platforms that cater to beginner investors and experienced traders alike. At first glance, they might.... More »
StatCan latest wealth survey shows stark disparity between homeowners, renters - CTV News Oct 29th
StatCan latest wealth survey shows stark disparity between homeowners, renters CTV NewsView Full Coverage on Google News.... More »
Investing in GICs? Here’s why to buy them from an online bank
– moneysense.ca
In today’s harsh investing climate, it’s nearly impossible to avoid volatility. What’s been particularly painful about the instability of this past year is the range of different asset classes hit. Whether you’ve been investing in stocks, gold or cryptocurrencies, your portfolio has likely seen some steep ups and downs. For example, the S&P/TSX Composite Index has already endured two 10% pullbacks in 2022, and Bitcoin has dropped more than 50% since the start of the year.
With plenty of question marks still surrounding the economy for the foreseeable future, many investors with short time horizons are now understandably searching for safer investment options. For anyone looking for a dependable—but also competitive—return on investment, guaranteed investment certificates (GICs) from a digital bank could be the answer.
What is a GIC?
When you buy a GIC, you lend an agreed-upon amount of money to a financial institution for a set period—anything from one month to 10 years…
