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Oaken raised GIC rates

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Oaken raised GIC rates

November 6, 2022
9:25 pm

Fritz23

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1y: 5,10%; 1,5y: 5,15%, 2y 5,15Y, 3y 5,10%

November 6, 2022
9:30 pm

Alexandra

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Fritz23 said
1y: 5,10%; 1,5y: 5,15%, 2y 5,15Y, 3y 5,10%

I see that. Also, 18Mo @5.15%, 4yr@4.95%& 5yr@ 5.0%.

Is that effective do you know today 6Nov or tomorrow 07Nov?

November 7, 2022
2:19 am

cgouimet

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Fritz23 said
1y: 5,10%; 1,5y: 5,15%, 2y 5,15Y, 3y 5,10%

A tad more than a tweak ...

1Yr: 4.70 -> 5.10
18Mo: 4.80 -> 5.15
2Yr: 4.50 -> 5.15
3Yr: 4.50 -> 5.10
4Yr: 4.50 -> 4.95
5Yr: 4.65 -> 5.00

CGO

November 7, 2022
6:20 am

COIN

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It's a bit of an inverted yield curve (or relatively flat).

Long-term GICs:
1 Year GIC – 5.10% (currently 4.70%)
18 Months GIC – 5.15% (currently 4.80%)
2 Years GIC – 5.15% (currently 4.50%)
3 Years GIC – 5.10% (currently 4.50%)
4 Years GIC – 4.95% (currently 4.50%)
5 Years GIC – 5.00% (currently 4.65%)

November 7, 2022
1:56 pm

dentgal

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Yeah!
I was waiting for this increase. Now the question is, for how long? And,Do we think that there will be another rate increase in December?

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