There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Canadian bank earnings reports Dec 6th
The Big Six banks in Canada reported on their earnings this week. Here are the takeaways, including revenue, prices and dividends.
Canadian bank earnings highlights
Here’s how Canadian banks performed in the three months ending October 31st, 2024:
BMO Financial Group (BMO/TSX): Adjusted ear.... More »
High interest rates and unemployment: Expectations for June’s rate announcement + MORE May 10th
The odds of a June interest rate cut from the Bank of Canada (BoC) appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters’ expectations and marked the largest employment increase in more than .... More »
Why Canadian consumer debt continues to grow Nov 27th
Consumer debt rose to a record $2.5 trillion in the third quarter as many Canadians continue to struggle with high living costs and rising unemployment, new surveys from two credit bureaus say.
Newcomers and consumers who borrowed money for the first time in the past 12 to 36 months saw the.... More »
Powell: If economy does as expected with think carefully cutting rates to begin this year - ForexLive + MORE Mar 7th
Powell: If economy does as expected with think carefully cutting rates to begin this year ForexLiveAt the open: North American stock markets start higher ahead of Powell's testimony The Globe and MailWatch Fed Chair Powell testify live before Senate Banking Committee .... More »
High borrowing costs, record completions lead to condo oversupply Sep 12th
Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.
A report by TD economist Rishi Sondhi said sales activity hasn’t been absorbing supply fast enough.... More »
What is a market-linked GIC?
– moneysense.ca
If you’ve been checking out GICs lately, it’s likely because of the record gains from recent interest rate hikes. Interest rates for guaranteed investment certificates have steadily increased as the Bank of Canada (BoC) has raised its benchmark rate over the past year and a half. At some financial institutions, the rate for a one-year GIC has climbed to 5% or more, reviving Canadians’ interest in these conservative, predictable investments in a big way.
If you like the safety of GICs but also want exposure to the stock market, there’s a type of investment for that: market-linked GICs. These investments guarantee the return of your principal along with a minimum interest rate, while also providing limited exposure to stock market movements.
How market-linked GICs work
Unlike a traditional GIC, a market-linked GIC is tied to a particular stock market index—like the Canadian S&P/TSX 60 or the American S&P 500. This gives investors an opportunity to benefit from market gains to a limited extent…
