You’ll receive a guaranteed rate of interest when the GIC matures—no need to worry about market volatility. GICs are eligible for Canada Deposit Insurance Corporation (CDIC) coverage ...
The Bank of Canada (BoC) last raised its key interest rate to 5% on July 12, 2023, marking the first time since April 2001 that the rate had hit the 5% mark. Before that pause, a series of rate ...
This funding cost makes up most of the interest rate on your mortgage. Other factors include your lender’s operating costs and how much the lender needs to cover the risk that you won’t repay the loan ...