Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this8:24 pm
August 5, 2014
Offline
TD Bank today said there will be lower rates in the future with Canada at 3.00% and 3.25% for the U.S.
These are Bank of Canada and U.S. Federal Reserve rates. This means probably no more than 4.00% GIC's and 4.50% government bond rates.
I think this is being more optimistic than really what will happen by a 0.50% to 0.75% percentage point but who knows for sure what will happen. A 2.25% to 2.50% Bank of Canada rate and a 2.50% to 2.75% U.S. Federal Reserve rate is more likely in coming years.
I know we had really strong Canada and U.S. GDP numbers back in 2006, 2007 and the economy from housing to job growth was strong and the highest GIC and bond rates were in the range of 4.75% to 5.00%.
Read what today's TD report is stating, http://www.td.com/document/PDF....._Rates.pdf.
8:52 pm
August 5, 2014
Offline
I was just browsing and found an old online article from MoneySense which is from October-5-2012. You guessed it, almost 2 years later and the highest registered 5 year GIC rates they mention is lower but Peoples Trust's TFSA savings account is still at 3.00%, http://www.moneysense.ca/magaz.....-your-cash.
Reading some of the comments are interesting like CWB's TFSA savings account was 3.00% back then in October-2012 and now it is much lower at 2.00%.
I thought to mention this because 2 years now rates were supposed to go up but the opposite happened.
Please write your comments in the forum.