Conservative investors, check out this parking spot for your money
January 30, 2018One of the best value in conservative investing today could be the one-year GIC. Don't bother looking for evidence of this at your local bank branch, where posted one-year rates on guaranteed investment certificates have been below 1 per cent...
DICO coverage increased to $250,000
January 25, 2018As of January 1, 2018, the Deposit Insurance Corporation of Ontario (DICO) increased the coverage limit for insurable deposits to $250,000 for non-registered accounts at Ontario credit unions. Insurable deposits in registered accounts (RRSP, RESP, TFSA, etc.) will continue to...
How to beat the banks on GIC
January 04, 2018There is no end to the indignity of being a conservative investor these days. To start, rates on guaranteed investment certificates are ultralow by historical standards. Adding to the pain is the fact that GIC issuers have barely responded, if...