Oaken's 18 Month GIC Rate | Page 2 | Site suggestions | Discussion forum

Dean said

Maybe 'Yes'❓ / Maybe 'No'❓

Check with Agit ... he knows what's gonna happen.

Dean

  

Agit only sees what Agit "wants' to see.

Fed has room and will prob hike 1 more time before peaking, they openly broadcast it anyway. BoC on the other hand has a lot more pressure to keep rates the same and wait. As long as 5y and longer bonds are moving up in yields (which is happening) , its giving the central banks the reason to pause and wait for the effect to flow thru the economy.

The keywords from the central banks' message are "DONT PRICE IN RATE CUT ANYTIME SOON', which is their way to walk/talk long rates higher.

agit said

Dean said
.
That constitutes a 'Significant' drop in Oaken's long term rates ... especially in their 3/4/5Yr GICs.

More evidence that GIC rates (in general) have Peaked ❓
Time to lock in those 5Yr GICs that are still @ 5.0% ❓

I'm guessing 'Yes' X 2.

Dean

  

Dean said
.
Thanks for the update ⬆ GR ... that's Good News ❗

And I was afraid/dreading they were going to go
the 'Other Way' ... LOL

Dean

  

and YES @doug think that TD Bank is issuer equal to, if not better than, the Government of Canada. ........ really better than the Government of Canada...

Doug said
Since it's not been explicitly stated, it should be noted these are principle protected notes (PPNs). The Toronto-Dominion Bank, as issuer of the notes, guarantees the principle. TD Bank is, of course, a creditworthy issuer equal to, if not better than, the Government of Canada. Nonetheless, they are not instruments insured by CDIC.

Cheers,
Doug  

  

Trying to make friends or digging deeper?