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Slow creep up in 1 year GIC with discount broker
May 24, 2023
6:56 am
6:56 am
savemoresaveoften
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May 24, 2023
7:50 am
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AltaRed
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That upward creep suggests perhaps a higher demand for variable rate and/or 1-2 year term mortgages? Or a need to improve liquidity ratios? Perhaps anticipating a 25bp BoC rate increase in June or July?
That is about 20 bp higher than a 2 year Equitable Bank GIC bought by my spouse at RBC DI just a month ago.
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