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Still got some money to invest safely? GICs look interesting again

May 19, 2023
Source: theglobeandmail.com theglobeandmail.com
News Snapshot:
Stay alert if you’re an investor who favours the safety of GICs. Financial markets are revising the outlook for inflation, and in turn, interest rates. Keep your eye on Government of Canada bond yields to follow the action for rates on guaranteed investment certificates. The yield on the five-year Canada bond, an influence on five-year GICs, jumped this week to 3.4 per cent early Friday from 3 per cent a week earlier. This sizable move by bond market standards was brought to you by the April inflation report from Statistics Canada. It showed that the year-over-year inflation rate last month...
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