Where to Get Street Capital GIC's | GIC discussions | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
Where to Get Street Capital GIC's
April 21, 2017
7:00 pm
Nehpets
Ontario
Member
Members
Forum Posts: 969
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

The website of Street Capital only states their GIC's can be bought from brokers, but none is listed.

Anyone know of a broker that sells their GIC's in Eastern Ontario?

April 23, 2017
7:11 am
Nehpets
Ontario
Member
Members
Forum Posts: 969
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

Has anyone on this Forum had first hand experience with GIC's from Street Capital Bank?

April 23, 2017
7:25 am
Top It Up
Member
Members (temp break)
Forum Posts: 1363
Member Since:
December 17, 2016
sp_UserOfflineSmall Offline

"Street Capital Bank of Canada offers Guaranteed Investment Certificates to investors across Canada through a network of Investment Industry Regulatory Organization of Canada (IIROC) regulated deposit dealers."

"Street Capital’s GICs are eligible for deposit insurance protection from the Canadian Deposit Insurance Corporation (CDIC)."

"Cashable GICs are available for a one year term with interest paid at maturity, with an option to redeem after 90 days with interest paid at the contract rate for the number of days invested"

Non-redeemable GICs are available for 1 to 5 year terms with a variety of interest payment options

----------------------------

I tried to buy some through my RBCDS account (they are an IIROC member as is everyone else), and couldn't.

April 23, 2017
9:57 am
Nehpets
Ontario
Member
Members
Forum Posts: 969
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline


I tried to buy some through my RBCDS account (they are an IIROC member as is everyone else), and couldn't.  

I suspect that only select brokers have access. I've sent inquiries to a few brokers I know to get their response on Street Capital, but was hoping someone on the Forum might have first hand insights.

Wonder why their website is so cryptic as to sources of availability...sf-confused

April 23, 2017
2:03 pm
gs
Member
Members
Forum Posts: 8
Member Since:
April 21, 2017
sp_UserOfflineSmall Offline

This is where I will be searching on Monday, if this helps
http://www.iiroc.ca/industry/P.....ulate.aspx

April 23, 2017
2:53 pm
AltaRed
BC Interior
Member
Members
Forum Posts: 2736
Member Since:
October 27, 2013
sp_UserOnlineSmall Online

gs said
This is where I will be searching on Monday, if this helps
http://www.iiroc.ca/industry/P.....e.aspx  

That's a tough row to hoe....all those names and most are brokerages that won't even talk to you unless you have a brokerage account with a bunch of stock/bond assets with them. For what it is worth, brokerages make up their own mind which issuers they want to deal with. It's not that every IIROC dealer has to offer anything from anybody.

I'd either try a Deposit Broke http://www.rdba.ca/find-a-broker/ or ask Street Capital directly about which GIC brokers handle these.

April 23, 2017
7:21 pm
Loonie
Member
Members
Forum Posts: 9172
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Good advice from AltaRed.

April 24, 2017
10:57 am
Nehpets
Ontario
Member
Members
Forum Posts: 969
Member Since:
December 20, 2016
sp_UserOfflineSmall Offline

It seems Street Capital Bank is a new player and has been a bank since February 2017. Has been in business since 2007. See About

Received this email today:

Thank you very much for your enquiry and interest in obtaining a Street Capital Guaranteed Investment Certificate. As was mentioned to you earlier we currently offer our GIC’s to investors through a network of Investment Industry Regulatory Organization of Canada (IIROC) regulated deposit dealers.

At this time you can access a Street Capital GIC through two on-line brokers - BBS Securities and Questrade. With either dealer you will be required to enter certain information from your identity documents such as a valid driver’s license or passport. Account sign up is straight forward. I have attached the contact details below for your convenience.

BBS Securities Inc.: http://www.virtualbrokers.com a division of BBS Securities 1-877-310-1088
Questrade: http://www.questrade.com 1-888-783-7866

In the coming months, Street Capital plans to introduce additional IIROC regulated deposit dealers to our distribution network.

Thank you again for your interest.

Best,
Leigh Knowles , CPA, CA
Director, Treasury Operations
Street Capital Bank of Canada

T 647.259.7873 x 230 | C 1.647.524.1219
streetcapital.ca | leigh.knowles@streetcapital.ca
1 Yonge Street, Suite 2401, Toronto, ON M5E 1E5

Street Capital listed on Cannex
and
Globe Investor

Is there reason for concern that they appear to be heavily weighted in mortgages in Toronto, Calgary and Vancouver?

Please write your comments in the forum.