by GIC Wealth Management | Dec 18, 2020 | Uncategorized
“The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and...
by GIC Wealth Management | Aug 26, 2020 | GIC Wealth Management in the Media
ROB CARRICK, The Globe and Mail Steady interest in guaranteed investment certificates driven by uncertainty on rally’s length, expert says In a normal stock market rally, GIC broker Brandon Brot typically sees a drop-off in client investment flows. Not this time. The...
by GIC Wealth Management | Aug 17, 2020 | Investments
DAVID ASTON, The Toronto Star Your fixed income investments create an uncomfortable dilemma for you these days. On the one hand, with so much pandemic-driven uncertainty about your stock market investments, you need a healthy chunk of relatively safe forms of fixed...
by GIC Wealth Management | Mar 31, 2020 | GIC Wealth Management in the Media, Investments
NICHOLA SAMINATHER, Reuters TORONTO (Reuters) – Canada’s small financial institutions are waging a war for deposits, offering customers higher interest rates as they try to shore up funding, despite a drop in official interest rates to a decade-low. While Canada’s...
by GIC Wealth Management | Oct 24, 2017 | GIC Wealth Management in the Media, GICs, Investments
BNN Bloomberg Troubled lender Home Capital is boosting rates on GICs to attract depositors. Kevin Rotenberg, principal at GIC Wealth Management says he feels comfortable recommending Home Capital’s GICs to clients provided — they invest within the amount insured...
