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1 yr. GIC Rate Increased to 1.90%
January 24, 2022
7:09 am
7:09 am
GR
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September 15, 2017
September 15, 2017
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Peoples Trust 1 yr. rate of 1.90% now matches Oaken, but 2%+ for 1 yr. is available at other FIs and rates will continue upward trend.
https://www.peoplestrust.com/en/peoples-trust/high-interest-accounts/rates/
January 24, 2022
8:45 am
8:45 am
Loonie
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October 21, 2013
October 21, 2013
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Yes. I think the BoC must be going to raise rate this time. Even Meridian has increased rates about a quarter point since earlier in the month.
Once people realize that rates are likely to continue to go up, they will be reluctant to put money in GICs right away. Perhaps this in turn would cause rates to increase faster?
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