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Email this10:43 am
January 12, 2019
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.
On the GIC Chart Page . . .
- The line; "Oaken Financial: 5.65% for an 18-month GIC"
needs to be changed to 6.00%.
Cheers,
- Dean
" Live Long, Healthy ... And Prosper! "
10:49 am
May 15, 2007
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Thanks; updated!
6:03 pm
January 12, 2019
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.
But I bet that 6.00% interest offer won't last long.
Best we grab it, while we can. 
- Dean
" Live Long, Healthy ... And Prosper! "
7:51 am
December 12, 2021
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Dean said
.
But I bet that 6.00% interest offer won't last long.Best we grab it, while we can.
Dean
Stop your prediction you 've been 100% wrong in the past and probably now. Let this website offer info on rate not turn into fortune telling
10:42 am
March 30, 2017
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agit said
Stop your prediction you 've been 100% wrong in the past and probably now. Let this website offer info on rate not turn into fortune telling
seems like you are agitated every time some one thinks / says interest rate peaks or heading lower 🙂
10:48 am
February 7, 2019
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savemoresaveoften said
seems like you are agitated every time some one thinks / says interest rate peaks or heading lower 🙂
Agit obviously here to make friends ... 
Don't think it's working!
| CGO |
2:02 pm
December 12, 2021
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savemoresaveoften said
seems like you are agitated every time some one thinks / says interest rate peaks or heading lower 🙂
correct agitated by useless baseless post like yours as well
2:09 pm
August 14, 2023
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Dean said
.
But I bet that 6.00% interest offer won't last long.Best we grab it, while we can.
Dean
agit said
Stop your prediction you 've been 100% wrong in the past and probably now. Let this website offer info on rate not turn into fortune telling
I think we are missing something here. A serious good debate .
Perhaps if Dean mentioned some supporting arguments of why he thinks 6% rates won't last and perhaps Agit would expand on why Dean is "probably wrong now". And leave the business of fortune telling to the Gypsy palm reading forums.
All of us are trying to figure out everyday or every time we have a sum of cash for investing whether to hold out for a better rate, longer term, or lock in now.
Personally , Dean may have been 100% wrong in the past, but I don't think he is wrong now, at least not in the short term. I expect at least a dip in GIC rates across the yield curve like it did early this year . I'm already seeing this happen on the Itrade GIC list of issuers starting three days ago. Bank of Canada announced a hold on rates last week and the US fed did the same yesterday . There is a definite change in market sentiment. bond yields are nosediving . the Central banks are pausing because they see damage taking hold in the economy. I think this trend will hold until some economic data or crisis alters that narrative.
I'm doing two plans at the same time. I'm locking in my GIC cash that I set aside now between 1 - 3 years. At the same time the funds I have in Cash ETFS and ISA's in my brokerage accounts I began liquidating Friday last week to invest in The stock market.
Most importantly is to have a plan and act on it . don't be a deer in the headlights.
Trader first, Saver second
2:24 pm
August 4, 2010
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It's one thing to post a 6% rate without dates, as (for instance) Tangerine had earlier this fall. But the Oaken rate is part of a corporate birthday promotional exercise, with explicit "good until Nov 30" wording. Oaken will have a rough idea of what level of new money will likely come in on this offer, and they aren't going to want to annoy people they are trying to make feel good about Oaken by cutting short the promotion.
The "...subject to change without notice." wording is likely to cover their backsides in case of highly unexpected events, not a mustache-twirling plot. If, say, Taylor Swift encourages all her fans to invest in Oaken 6% GICs, or the Bank of Canada announces a shock 2% drop in policy rates... 🙂
2:28 pm
February 7, 2019
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agit said
correct agitated by useless baseless post like yours as well
The hole is going deeper ...
| CGO |
3:03 pm
January 12, 2019
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cgouimet said
Agit obviously here to make friends ...
Don't think it's working!
Why ... Agit's my Bestus Buddy ❗
LOL 
- Dean
" Live Long, Healthy ... And Prosper! "
3:55 pm
February 7, 2019
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Dean said
Why ... Agit's my Bestus Buddy ❗
LOL
Dean
OK then...
| CGO |
4:18 pm
January 12, 2019
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Dean said
Why ... Agit's my Bestus Buddy ❗
LOL
Dean
Said ⬆ with tongue, Firmly placed in cheek.
- Dean
" Live Long, Healthy ... And Prosper! "
8:36 am
December 12, 2020
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agit said
correct agitated by useless baseless post like yours as well
LMFAO..
9:03 am
January 13, 2022
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victor6433 said
LMFAO..
As am I. Personally, I kind of like it when Agit calls somebody out.
9:05 am
February 7, 2019
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lifeonanisland said
As am I. Personally, I kind of like it when Agit calls somebody out.
I disagree but good to know and note ...
| CGO |
12:46 pm
October 15, 2015
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I went for the 18 month. Watch interest rates go up now!
4:17 pm
September 5, 2023
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TINAisOver said
I think we are missing something here. A serious good debate .
Perhaps if Dean mentioned some supporting arguments of why he thinks 6% rates won't last and perhaps Agit would expand on why Dean is "probably wrong now". And leave the business of fortune telling to the Gypsy palm reading forums.
.
Agreed more civil debate and less personal vendettas.
I for one am here to learn, and the personal stuff just adds more noise, less signal
4:24 pm
January 12, 2019
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christinad said
I went for the 18 month. Watch interest rates go up now!
Maybe 'Yes'❓ / Maybe 'No'❓
Check with Agit ... he knows what's gonna happen.
- Dean
" Live Long, Healthy ... And Prosper! "
4:25 pm
September 5, 2023
Offline
TINAisOver said
All of us are trying to figure out everyday or every time we have a sum of cash for investing whether to hold out for a better rate, longer term, or lock in now.
Personally , Dean may have been 100% wrong in the past, but I don't think he is wrong now, at least not in the short term. I expect at least a dip in GIC rates across the yield curve like it did early this year . I'm already seeing this happen on the Itrade GIC list of issuers starting three days ago. Bank of Canada announced a hold on rates last week and the US fed did the same yesterday . There is a definite change in market sentiment. bond yields are nosediving . the Central banks are pausing because they see damage taking hold in the economy. I think this trend will hold until some economic data or crisis alters that narrative.
I'm doing two plans at the same time. I'm locking in my GIC cash that I set aside now between 1 - 3 years. At the same time the funds I have in Cash ETFS and ISA's in my brokerage accounts I began liquidating Friday last week to invest in The stock market.
Most importantly is to have a plan and act on it . don't be a deer in the headlights.
There is a lot of weight being put on the jobs numbers in the US reported today and how that signals the end of interest rate hikes.
https://thehill.com/business/4290855-october-2023-jobs-report-unemployment-inflation/
One of the more useful observations I heard was how the jobs numbers temporarily reflects the 34,000 UAW auto workers on strike, and 44,000 SAGAFTRA workers on strike. When these numbers are added back next month to payrolls, the jobs numbers will be higher.
A higher jobs numbers is a sign of a strong economy adding to the likelihood the federal reserve hikes interest rates again sooner. And then the cascading effects on CDN long term bonds and GICs
Please write your comments in the forum.