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GICs are not the darling they used to be - except in this case

Veuillez noter que cet article se trouve sur une plateforme tierce et qu'il n'est disponible qu'en anglais.

With the Bank of Canada beginning an easing cycle that is expected to consistently deliver dropping interest rates, the days of high returns with guaranteed investment certificates, or GICs, and other low-risk investing products are coming to an end. But they’re still a strong option for aspiring homeowners who are taking advantage of the first home savings account, or FHSA.

Click here to read the full article by Salmaan Farooqui, originally published on The Globe and Mail on September 24, 2024, featuring insights from Aaron Hector, Private Wealth Advisor, Financial Planner.

The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions in a newsletter such as this, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this letter accepts any contractual, tortious, or any other form of liability or its contents or for any consequences arising from its use.