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The end is near for Canada Savings Bonds
March 22, 2017
10:16 pm
Norman1
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From Phasing out the Canada Savings Bonds Program of Budget 2017 plan:

The Canada Savings Bonds Program, created in 1946, has historically provided the Government of Canada with a diversified source of funds while offering Canadians a safe and easily accessible investment option. Since reaching its peak in the late-1980s, the Canada Savings Bonds Program has experienced a prolonged decline (see Chart 4.1). Canada Savings Bonds currently represent less than 1 per cent (about $5 billion) of total federal market debt. The Program is no longer a cost-effective source of funds for the Government, compared to wholesale funding options.

Given the decreasing popularity of Canada Savings Bonds among Canadians and following a review of the Program, the Government of Canada will discontinue the sales of new Canada Savings Bonds in 2017. The phasing out of the Program will result in cost savings from reduced Program management and administration costs and allow the Government of Canada to focus on less-costly funding options. All outstanding retail debt will continue to be honoured.

March 23, 2017
9:55 am
rhvic
Victoria, BC
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I gave up on CSBs years ago when the interest rates fell to laughable levels. If they had stayed competitive, it would have been worthwhile.

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