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EQ's GIC Rates Just Went UP !!
November 14, 2024
10:00 am
Dean
Valhalla Mountains, British Columbia
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.
I don't know if anyone has noticed yet, but EQ Bank has just Bucked the present general Down Trend, and 'Raised' their GIC Rates . . .

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They're almost at the Top of the GIC Chart now !

They must be Hungry sf-wink

    Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

November 14, 2024
10:05 am
The Rock
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Interesting. Many expect that Trump's win will bring higher inflation and interest rates.

November 14, 2024
10:30 am
CAD
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The Rock said
Interesting. Many expect that Trump's win will bring higher inflation and interest rates.  

So WHY BTC is so crazy high last few days?

November 25, 2024
1:54 am
pennysaver1
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I noticed that LBC and Simplii have also increased their GIC rates recently, wonder if this is the beginning of an new upward trend for GICs or just a temporary blip...

November 25, 2024
6:28 am
Miked
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pennysaver1 said
I noticed that LBC and Simplii have also increased their GIC rates recently, wonder if this is the beginning of an new upward trend for GICs or just a temporary blip...  

Yep noticed that too probably has to do with recent inflationary announcements (gst & 250$ giveout) from Can gvmt ... AND also disconnect from US rates (making Can$ weaker) this will probably make sharp future rate drops less likely... can somewhat see this in bond 10yr rates going up (disc.broker) -- though lots can happen in 10yrs... tough call to freeze assets for that long... they also need to look at Canadian economy (unemployment up and growth slowing & Can$ down; contrary to US & Trump factor (tariffs...) --tough balancing act

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