Slow creep up in 1 year GIC with discount broker | GIC discussions | Discussion forum

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Slow creep up in 1 year GIC with discount broker
May 24, 2023
6:56 am
savemoresaveoften
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This is Investor Edge screen shot. 4.9% for third party 1y rate. 4.8% ish for 2y.

somehow I can see the attachement in the upload window but it wont upload properly..

May 24, 2023
7:17 am
Norman1
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Similar at BMO InvestorLine.

4.93% one year GIC's from Bank of Montreal, BMO Trust, and BMO Mortgage.

4.82% two year GIC's from Concentra Bank and Equitable Trust.

May 24, 2023
7:50 am
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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