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Email this1:31 pm
September 7, 2018
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savemoresaveoften said
it will take a very long time for 2y rate to reach 3%. Think 3yr+
I agree - I also think it may take a very long time for even 3yr+ to reach 3%. The Govt/B of C have no interest in rates increasing too quickly as it would kill economic recovery.
5:36 pm
February 20, 2018
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Canada on track to deficit this year 150bill last year 350bill. Provinces reliant on fed. Only buyer for bonds BoC. The only thing left in tool kit is printer. Rates could easily shoot up when the wind blows. Or we can continue to pretend..
8:43 pm
April 6, 2013
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I had shown earlier that the federal government can easily take on $2 trillion of new debt.
We aren't close: Total debt isn't even at $2 trillion yet.
As I wrote before, at least once each decade, people seem to believe the sky will fall and the world will end.
Read the Forbes article I mentioned. Learn why hyperinflation Armageddon didn't happen after the US injected trillions into their economy after 2008.
9:47 pm
February 20, 2018
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Classic Norm's Forbes piece:
"Since 2008, public companies haven’t reinvested most of the borrowed money. Nor have they spent it to raise wages or add jobs. Instead, they’ve used that money to buy their own shares and artificially pump up their prices."
"Fun fact: for most of the 2010s, the companies themselves became the #1 buyers of stocks. They bought more stock than individual investors, foreign investors, and even institutional investors"
Norman1 said in post classic:
"For context, the total federal revenue is around $300 billion a year. $2 trillion of debt is about 7 years of income.
How precarious would it be for someone earning $50,000 a year to have 7 x $50,000 = $350,000 of debt?"
4:28 am
March 30, 2017
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How precarious would it be for someone earning $50,000 a year to have 7 x $50,000 = $350,000 of debt?"
That is called a mortgage, very common.
5:17 am
September 30, 2017
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Can we pls *stop* wandering off topic on various threads ? 
1:52 pm
December 20, 2016
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hwyc said
Can we pls *stop* wandering off topic on various threads ?
Thread drift is a common occurrence in an adult and mature online forum environment, in the same way a discussion with friends in your living room might digress. Adds to the interest and diversity of the forum.
10:42 am
November 19, 2014
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Actually, no. It is a huge pain in the ass to have to go through 4 pages of drivel to find a few relevant postings.
If people wish to discuss other topics, START OTHER THREADS. It's not hard for gods sake and actually benefits the forum instead of wasting other members time by polluting existing threads.
12:20 pm
November 7, 2014
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I totally agree with Koogie. Same thing happened in Wealth One Bank thread. A thread about a 2.88% GIC developed into discussions about the current TSX, CDIC and bank bailouts.
I have no problem with any of these discussions, but in their own threads. It gets to a point where you really have to dig to find the details you're looking for based on the thread heading.
12:38 pm
November 21, 2015
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Please let us all be aware that we need to be aware to keep to the topic specified in the thread heading. I thank all who will keep this in their awareness. I hope the oddness of the choice of my words will stick to you awareness. Thank you.
3:45 pm
September 11, 2013
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This thread, like most, went off original topic a long time ago, about post #10, so why are people waiting until now to point that out? If you're concerned with drift bring it up as soon as it happens. Then we'll just end up with lots more, shorter threads and then folks will be complaining about having to wade through them all to find the few specific threads they're interested in.
I'm with those who recognize mature adult conversations morph - a different but related point is brought up, then another different but related point to that one arises, and so on until we're way off the original topic. That's one thing that makes social gatherings fun, conversational messiness is part of free expression and allows for lots of ideas to be expressed. I think Peter does a sterling job of cutting in when needed, good enough for me.
6:05 am
September 30, 2017
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Since broker rates are not on chart & no dedicated forum, I hope to keep this thread for informational rather than opinionated entries.
5 yr (2.60%)
7:31 am
November 7, 2014
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GIC Wealth 5 years @ 2.65%
18 month 1.75%*
2 year 1.88%*
30 month 2.25%*
3 year 2.50%*
4 year 2.60%*
5 year 2.65%*
*All $25,000 minimums
2:19 pm
September 30, 2017
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… noticeable gap between 2 and 3 years.
7:31 am
November 7, 2014
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GIC Wealth 5 year GIC up to 2.70%
1 year 1.67%*
18 month 1.85%*
2 year 1.90%*
30 month 2.25%*
3 year 2.50%*
4 year 2.60%*
5 year 2.70%*
Still $25,000 minimums
4:15 pm
November 7, 2014
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New rates again with 5 years at 2.80%
1 year 1.72%*
18 month 1.85%*
2 year 2.00%*
30 month 2.25%*
3 year 2.50%*
4 year 2.60%*
5 year 2.80%*
$25,000.00 minimums.
4:53 pm
October 21, 2013
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How do you manage to get 2 updates from them in one day? I subscribe to their daily email and only get one (unless there is a special).
Or maybe you are checking their website more frequently?
Your post #75 above was made before my corresponding email was sent (11:01 Eastern), even allowing for time difference to Mountain Time.
5:15 am
November 7, 2014
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Loonie said
How do you manage to get 2 updates from them in one day? I subscribe to their daily email and only get one (unless there is a special).
Or maybe you are checking their website more frequently?
Your post #75 above was made before my corresponding email was sent (11:01 Eastern), even allowing for time difference to Mountain Time.
I just happened to check their website again. There does seem to be a bit of a GIC rate war going on right now, so I've been checking more often.
6:37 am
October 21, 2013
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We all benefit when you check!
One thing that appears to me to be emerging is that interest rates are more sensitive to bond rates and maybe to inflation or the spectre of inflation than to the BoC rate per se. They have not settled after last week's announcement yet.
7:27 am
September 7, 2018
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gicjunkie said
I just happened to check their website again. There does seem to be a bit of a GIC rate war going on right now, so I've been checking more often.
The 1.67% in Post 75 was from WealthOne Bank.
Wonder if the 1.72% in Post 76 is also from WealthOne Bank. They must have a harder time to attract funds and thus need to pay more. As I have remarked previously, their financial statements (on OSFI site) are not strong at all. Buyer beware! Of course CDIC (govt funds) will reimburse depositors if this FI fails.
Please write your comments in the forum.