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Betrayed by bonds and bruised about stocks, investors turn to GICs

ROB CARRICK, The Globe and Mail We have ourselves a bull market in the unlikeliest of places – guaranteed investment certificates. Worn down by bad news both in and out of the financial world, investors are turning to GICs for a combination of much-improved interest...

Bank of Canada raises key interest rate by 50 basis points

OTTAWA - OTTAWA - The Bank of Canada has raised its key interest rate by half a percentage point to 1% from 0.5%, the first half-point hike in more than two decades amid soaring inflation. This is a breaking news update, our previous story follows... The Bank of...

Even as market surges, broker sees GIC demand

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…