All You Need to Know About Investing in a Canadian GIC
One of the products Canadian banks want to sell to you is a Guaranteed Income Certificate (GIC). Whether you’ve heard about it before or not, a GIC should definitely be part of your asset portfolio. Our job at Learning Bull is to tell you everything you need to know about GICs, from the terms to […]
We are all aware of how the COVID-19 pandemic led to a recession in the Canadian economy. It affected every sector so deeply that Canada saw its highest unemployment rate in several decades. In these uncertain times, savings play a huge role in every person’s life. With so much uncertainty in the job market, stock market, […]
A GIC or a Guaranteed Income Certificate is exactly that. It is a secure investment with very low risk. And since it is guaranteed, you need not worry about losing your investment. A GIC is a lot like a savings account – you basically deposit a sum of money into it and earn interest on […]
So, if you are retired, check out these features of Guaranteed Investment Certificate before investing in GIC. The key is not to go overboard.
Guaranteed Investment Certificate (GIC) is a safe investment option as it offers a fixed interest rate, irrespective of the market conditions. However, it does not beat inflation rate.