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The best GIC rates in Canada for 2025 + MORE Dec 2nd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Moody's upgrades credit rating outlook for Canada's major banks Jul 17th
Rating agency Moody's raised its credit ratings outlook on Canada's major banks on Tuesday, just over 14 months after it lowered the ratings citing high debt levels and soaring house prices..... More »
6 times when a GIC is a smart investment choice + MORE Mar 10th
A guaranteed investment certificate (GIC) may seem like your grandfather’s kind of savings product. After all, his generation was fond of similar investment tools, like government savings bonds and treasury bills, and benefited from periods where interest rates were high enough to make these low-r.... More »
The best GIC rates in Canada for 2024 Jun 4th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The Big Shift in Banking that Could Hurt Your Savings Accounts and Investments + MORE Apr 16th
Every once in a while you may get a notice from your bank. Your account’s monthly fees are going up. It may be a modest difference, of a dollar or so. You may write it off as the cost of doing business with your financial institution.
But right now, that fee hike may be a symptom of a broad.... More »
(iStock)Scribes of my generation were programmed to keep numbers out of the first sentence of works of journalism. Now that we are in the second sentence, I can relay the Institute of International Finance’s latest tally of global debt: $291 trillion at current exchange rates. That’s the most ever, according to the IIF, the Washington-based lobby for big global banks and insurers.
What does one do with a number like that? Another contrivance of journalism is to convert big numbers into something concrete. So let’s see if that helps: the world’s governments, companies and households are on the hook for 18 million tonnes of loonies, which would be roughly equivalent to the weight of the 9.4 million cars and light trucks sold in Canada between 2013 and 2017. In other words, $291 trillion is a load.
But it doesn’t feel all that heavy, does it? Interest rates are low and global economic growth suddenly is pretty good. Last year was the best one for the global economy since before the Great Recession, and 2018 could be even better…
