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    GIC Wealth Management Inc. is a proud member of the Registered Deposit Brokers Association.

    To learn more about the RDBA please click   www.rdba.ca for more information

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2 year 2.35% *
30 months 2.55% *
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Minimum Investment $25,000*

CDIC Deposits Insured up to $100,000 DICO Deposits Insured up to $250,000

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As of 16 Aug 2019
TermGICRRSPRRIF
12.400%2.400%2.400%
22.600%2.600%2.600%
32.650%2.650%2.650%
42.750%2.750%2.750%
52.800%2.800%2.800%

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E&OE.

Proud Members of the RDBA

GIC Wealth Management Inc. is a member of the Registered Deposit Brokers Association. The RDBA is the professional standards Self-Regulatory Organization (SRO) for the Canadian Deposit Broker Industry. Membership in the organization includes Financial Institutions, Deposit Brokers and their representatives. The organization is a strong supporter of a regulated industry and strives to work closely with federal and provincial governments and other regulators to insure investor safety and compliance with regulatory mandates.With every deposit we make on your behalf, a Client Consent and Information Form issued by the RDBA and signed by the client is required. If you have any questions about the RDBA, or the required form, please contact us.

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I have used the services of GIC Wealth Management Inc. for the past 8 years, and have found both Kevin and Brandon to be very helpful and knowledgeable in the investment industry. It has always been a quick and simple process to have my investments transferred to one of the institutions they represent. I will definitely keep my investments with GIC Wealth.”

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Category: FYI/Blog

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

Global economic growth has slowed by more than the Bank forecast in its January Monetary Policy Report (MPR). Ongoing uncertainty related to trade conflicts has undermined business sentiment and activity, contributing to a synchronous slowdown across many countries. In response, many central banks have signalled a slower pace of monetary policy normalization. Financial conditions and market sentiment have improved as a result, pushing up prices for oil and other commodities.

To read full article please click on the link below:

https://www.bankofcanada.ca/2019/04/fad-press-release-2019-04-24/?utm_source=RDBA+Email+List+May+2017&utm_campaign=258b439260-NEWS_2019_04_24&utm_medium=email&utm_term=0_2fb13e0136-258b439260-226120685

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.

The global economic expansion is moderating largely as expected, but signs are emerging that trade conflicts are weighing more heavily on global demand. Recent encouraging developments at the G20 meetings are a reminder that there are upside as well as downside risks around trade policy. Growth in major advanced economies has slowed, although activity in the United States remains above potential.

To read full article click on the link below:

https://www.bankofcanada.ca/2018/12/fad-press-release-2018-12-05/?utm_source=RDBA+Email+List+May+2017&utm_campaign=7e21619a20-NEWS_2018_12_05&utm_medium=email&utm_term=0_2fb13e0136-7e21619a20-226120717

TFSA Limit for 2019

The TFSA contribution limit for 2019 is $6,000, up from $5,500 in 2018.

With the TFSA limit at $6,000 for next year, the total room available in 2019 for someone who has never contributed and has been eligible for the TFSA since its introduction in 2009 is $63,500.

To read full article click on the link below:

https://www.advisor.ca/tax/tax-news/tfsa-limit-for-2019-released/?utm_source=EmailMarketing&utm_medium=email&utm_content=advisor&utm_campaign=WIR_Newsletter&oft_id=45909006&oft_k=ETlbUaJm&oft_lk=PH5VGh&oft_d=636785661210600000&fpid=552960&m32_fp_id=9pF1s4&ctx=newsletter&m32_fp_ctx=DI_MASTER_Relationa

Bank of Canada maintains overnight rate target at 1 ½ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.

CPI inflation moved up to 3 per cent in July. This was higher than expected, in large part because of a jump in the airfare component of the consumer price index. The Bank expects CPI inflation to move back towards 2 per cent in early 2019, as the effects of past increases in gasoline prices dissipate. The Bank’s core measures of inflation remain firmly around 2 per cent, consistent with an economy that has been operating near capacity for some time. Wage growth remains moderate.

To read full article please click on the link below:

https://www.bankofcanada.ca/2018/09/fad-press-release-2018-09-05/?utm_source=RDBA+Email+List+May+2017&utm_campaign=301a4f08c5-NEWS_2018_09_05&utm_medium=email&utm_term=0_2fb13e0136-301a4f08c5-226120685

Bank of Canada raises overnight rate target to 1 ½ per cent

Bank of Canada raises overnight rate target to 1 ½ per cent – Bank of Canada

The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent.

The Bank expects the global economy to grow by about 3 ¾ per cent in 2018 and 3 ½ per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stronger than expected, reinforcing market expectations of higher policy rates and pushing up the US dollar. This is contributing to financial stresses in some emerging market economies. Meanwhile, oil prices have risen. Yet, the Canadian dollar is lower, reflecting broad-based US dollar strength and concerns about trade actions. The possibility of more trade protectionism is the most important threat to global prospects.

To read full article click on the link below:

https://www.bankofcanada.ca/2018/07/fad-press-release-2018-07-11/?utm_source=RDBA+Email+List+May+2017&utm_campaign=070cf6424c-NEWS_2018_07_11&utm_medium=email&utm_term=0_2fb13e0136-070cf6424c-226120685

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