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Email this3:01 pm
February 20, 2013
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Came across this article from 2015 on the history of GIC rates. I found the chart interesting but wish it went past 2009.
https://www.ratehub.ca/blog/the-history-of-gic-rates/
Anyone know another source for this kind of information?
3:31 pm
April 6, 2013
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GIC advocate David Trahair has some GIC data in a spreadsheet for his book The Procratinator's Guide to Retirement.
"GIC 5 yr rates Inflation 1958 to 2021 8Feb22.xlsx" is among the spreadsheets for his books at Spreadsheets: For Use With Each Course.
Historic GIC rate data is tricky. His data shows a 5-year GIC rate of 0.98% for 2021. That's rather low.
The challenge is that GIC's don't have a central exchange like stocks do. So, there isn't a place one can go to obtain the rates of all the GIC's available at a given time.
10:10 am
December 12, 2021
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Norman1 said
GIC advocate David Trahair has some GIC data in a spreadsheet for his book The Procratinator's Guide to Retirement."GIC 5 yr rates Inflation 1958 to 2021 8Feb22.xlsx" is among the spreadsheets for his books at Spreadsheets: For Use With Each Course.
Historic GIC rate data is tricky. His data shows a 5-year GIC rate of 0.98% for 2021. That's rather low.
The challenge is that GIC's don't have a central exchange like stocks do. So, there isn't a place one can go to obtain the rates of all the GIC's available at a given time.
Thanks Norman1 for the link, In the last 64 years the 5 years GIC were above inflation 57 years "90%"
10:53 am
March 30, 2017
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agit said
Thanks Norman1 for the link, In the last 64 years the 5 years GIC were above inflation 57 years "90%"
That def sounds wrong. The calc is as good as the data….
9:38 am
April 18, 2022
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History shows what a scam central banks are they don't compensate for past wrongdoing and release bogus inflation stats to inflate their debt away. Canada's credit rating AAA hahaha.
4:24 pm
April 6, 2013
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savemoresaveoften said
That def sounds wrong. The calc is as good as the data….
It is possible with non-marketable GIC's. Doesn't work with bonds because of their lower yield from being tradeable.
It also doesn't work a lot of times if one pays significant income taxes on the GIC interest.
Please write your comments in the forum.