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Email this3:24 pm
May 26, 2022
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Motive used to have GIC's up to 10 years but they were taken over by NBC. Anywhere else that has over 5 year GIC's?
5:08 pm
October 27, 2013
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I think most are investment (market linked) products now. I am not sure why one would actually want a GIC for more than a 5 year period. The premium over a 5 year is almost non-existent (currently only about a 30-40bp premium between a 5 and 10 year bond, about as wide as it has been for awhile). That small premium hardly compensates for potential exposure to inflation risk over that long a period.
Go to https://www.bankofcanada.ca/ra.....ian-bonds/ and select only the 5 year and 10 year government of Canada lines for a comparison.
5:48 pm
May 26, 2022
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Being retired, I'm kicking myself for not locking into 5+ years when rates were 5.6% a few years ago. I still have a few over 5% until 2028 or 9. Inflation isn't much of an issue in your 70's where CPP/OAs covers most of it
