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[ad_1] Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are...
[ad_1] The half-percentage point interest rate cut marks the fourth consecutive reduction since June and brings the central bank’s policy interest rate down to 3.75 per...
[ad_1] What does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s...
[ad_1] As you know, of course, annuities and GICs are not the same thing. An annuity provides a guaranteed income for life, or a set time...
[ad_1] What is the Bank of Canada’s interest rate? This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate...
[ad_1] Sentiment around the interest rate decision The rate hold was largely anticipated by markets and economists. Many hoped it to be the central bank’s last...
[ad_1] As a result of the latest rate hold, the prime rate in Canada will remain at 7.2%. This might not seem like big news, but...
[ad_1] In other words, during the near-zero interest rates that prevailed until recently, investors wanting real inflation-adjusted returns had almost no choice but to embrace stocks. (Read...
[ad_1] As a result of these rate hikes, the interest rates available on guaranteed investment certificates (GICs) have risen as well—leading to renewed interest from savers...
[ad_1] How cashable GICs work Traditionally, GICs offer Canadian investors three core benefits: Principal protection to ensure your money remains safely invested A guaranteed interest rate...
[ad_1] 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...
[ad_1] The point? If a GIC investor is looking to lock in a good long-term interest rate, they may want to consider some bond exposure as...