10:00 am
January 12, 2019
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I don't know if anyone has noticed yet, but EQ Bank has just Bucked the present general Down Trend, and 'Raised' their GIC Rates . . .
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They're almost at the Top of the GIC Chart now !
They must be Hungry
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Dean
" Live Long, Healthy ... And Prosper! "
10:05 am
December 22, 2022
1:54 am
July 6, 2019
6:28 am
September 21, 2022
pennysaver1 said
I noticed that LBC and Simplii have also increased their GIC rates recently, wonder if this is the beginning of an new upward trend for GICs or just a temporary blip...
Yep noticed that too probably has to do with recent inflationary announcements (gst & 250$ giveout) from Can gvmt ... AND also disconnect from US rates (making Can$ weaker) this will probably make sharp future rate drops less likely... can somewhat see this in bond 10yr rates going up (disc.broker) -- though lots can happen in 10yrs... tough call to freeze assets for that long... they also need to look at Canadian economy (unemployment up and growth slowing & Can$ down; contrary to US & Trump factor (tariffs...) --tough balancing act
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