GIC rates are rising but still lag inflation. When are they worth it? - BNN Bloomberg


8/22/2022 12:00:00 AM2 years 8 months ago
by BNN Bloomberg

Guaranteed Investment Certificates (GICs) are back on investors’ radars as their return rates jump -- but factor in sky-high inflation and it means money invested in GICs is still ultimately losing purchasing power.

Guaranteed Investment Certificates (GICs) are back on investors radars as their return rates jump -- but factor in sky-high inflation and it means money invested in GICs is still ultimately losing pu… [+4409 chars]

full article...