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Email this10:18 am
November 15, 2019
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For GICs, RRSPs, TFSAs, RIFs. Limited time offer.
10:57 am
January 12, 2019
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.
By today's standards, that's not a bad deal! But the way the trend in interest rates are going now (⬆), I prefer to lock-in for a much shorter period of time, and go with the likes of Hubert's quarterly-cashable 1yr term @ 2.00%.
Fast-forward ~ 10-12 months from now, I'm guessing both these rates will seem like 'Chump Change'. That will likely be the time to lock-in for longer terms.
Time will tell,
- Dean
" Live Long, Healthy ... And Prosper! "
11:18 am
September 30, 2017
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Seems everybody is expecting multiple BoC rate hikes in the next 24 months. I am watching GIC terms between one to three years (e.g. 15m, 18m, 30m) ... here's waiting for one of mine to also reach 2.25% for under 2 yrs term.
11:36 am
March 30, 2017
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hwyc said
Seems everybody is expecting multiple BoC rate hikes in the next 24 months. I am watching GIC terms between one to three years (e.g. 15m, 18m, 30m) ... here's waiting for one of mine to also reach 2.25% for under 2 yrs term.
yeah I think 2yr terms can get to 2.75% by this year end. 3-5 yrs will get compressed relatively and only have 5y upto 3.75% maybe
3:23 pm
November 15, 2019
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Dean said
.
By today's standards, that's not a bad deal! But the way the trend in interest rates are going now (⬆), I prefer to lock-in for a much shorter period of time, and go with the likes of Hubert's quarterly-cashable 1yr term @ 2.00%.Fast-forward ~ 10-12 months from now, I'm guessing both these rates will seem like 'Chump Change'. That will likely be the time to lock-in for longer terms.
Time will tell,
Dean
I hear you. But I went with it since I’m already at Accelerate and it’s an RRSP which just came due so I wanted to get the clock running on it asap. I didn’t want to shift it over to Oaken for 1.9 for 12 months which as a quebecer was my next best choice.
2:28 pm
March 18, 2021
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hwyc said
Seems everybody is expecting multiple BoC rate hikes in the next 24 months. I am watching GIC terms between one to three years (e.g. 15m, 18m, 30m) ... here's waiting for one of mine to also reach 2.25% for under 2 yrs term.
Big disappointment today as the Bank of Canada didn't raise the Bank of Canada rate. We'll have to wait 'til March when America raises the Fed funds rate.
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