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Compare the best GIC rates in Canada 2022
– moneysense.ca
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…
Making sense of the markets this week: December 4, 2022
– moneysense.ca
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…