Making sense of the markets this week: December 4, 2022 + MORE Dec 3rd

How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs. Or, follow the prompts in the six fields at the top of the finder tool to input the amount you wish to invest in a GIC and your preferred investment term, along with other details, and the calculator will automatically display what your total return would be from each of the financial institutions listed. This allows you to compare the options side-by-side and decide which is the best for your money.

These are current rates offered by Ratehub partners. You can find information about additional product options below.

GIC rates in Canada 2022

If you’re looking to purchase a guaranteed investment certificate (GIC), you’ve come to the right place. We’ve rounded up the GICs with the best interest rates in Canada. Read on for additional information on GICs, including whether GICs are worth the investment, how to know if GIC rates are likely to go up (or down) and how to choose GICs that align with your goals…

This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.

What a week—the wrap 

It’s rate-hike hiatus déjà-vu all over again. In a replay from my column last week, the U.S. Federal Reserve Chairperson Jerome Powell reinforced expectations. On Wednesday, Powell said: 

“It makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting.”

What happened next? The markets cheered! They do like certainty. 

The NASDAQ Composite closed up +4.4%, the S&P 500 finished at +3.1%, and the Dow rose +2.2%. 

Bonds also delivered some modest gains as yields declined. Canadian stocks (XIC/TSX) were up modestly on the day at +0.80%. 

Canadian GDP growth more than expected

The Canadian economy grew more than expected in the third quarter, although the weakening housing investment and consumer spending suggests that higher interest rates are beginning to bite…