How much do GICs pay?

5 year GICs are currently paying 1% to 3% depending on the specifics of the product.

What is the purpose of a GIC?

A GIC is a deposit instrument used to earn interest. In many cases, investors leverage GICs before these funds can be utilized for investments or earmarked expenses. They can provide a safe harbour and allow investors to earn interest without taking any market risk.

Sid Mohapatra – PiggyBank

Sid Mohapatra is an energy trader based out of Toronto working in power and natural gas trading. Prior to working in commodities, Sid worked at a top Canadian bank’s fixed income and derivatives business. He possesses strong fundamentals in asset allocation, global macro thematic investing and physical commodities.

As a graduate of McMaster University, Sid specialized in Finance and has taught numerous sessions on Investing, Financial Securities and Trading courses. He led and managed the Horizon’s Trading Center at McMaster University.

Sid’s unique experience brings a breadth of institutional knowledge to the retail investing universe. He covers equity derivatives, structured credit instruments and tax harvesting techniques to help Canadians make better financial decisions in the ever-changing landscape of financial markets and investing.

What is a GIC (Guaranteed Investment Certificate)?

What are GICs and how can they be included in your investment portfolio?

Self Directed TFSA: What is it & How It Works

This article covers the basics of Self-Directed TFSAs, the value it brings, potential pitfalls, and how to get started with an account of your own!

5 Best S&P 500 ETFs for Canadians

Here are 5 of the best S&P 500 ETFs that Canadians can easily invest in.

Stocks vs Bonds: What’s the Difference?

The main difference between bonds and stocks is that bonds represent debt obligations while stocks are tied to ownership of an entity.

Is Beanstox Available in Canada?

While Beanstox is not accessible to Canadians, there are a number of options that allow investors to create diversified portfolios with a similar cost structure.

How to Invest in Gold in Canada

Gold holds a unique position in the financial ecosystem as an asset class that continues to be recognized as a store of value and used as an inflation hedge.

Is Wealthfront Available in Canada?

A popular robo-advisor in the US, Wealthfront is not available in Canada, however here are 3 alternative automated investing platforms Canadians can use.

How to Buy Bonds in Canada (4 Steps)

While not as common as buying equities, investing in bonds is still fairly popular as bonds are great vehicles to generate income while keeping capital protected.

How to Trade Options in Canada: 4 Steps to Get Started

Investing in equities through options can become more attainable when investors take a step-by-step approach and utilize an organized framework

Best Options Trading Platforms in Canada (2024)

Options allow investors to buy and sell a certain security at a predetermined price in a specific time period. The value of the option is dependent on the relation of this predetermined price and the price of the underlying security, as well as how much time to expiry is left on the option contract.

What is a Bond & How Do They Work?

A bond represents a loan obligation wherein a borrower agrees to pay the lender at a specified rate known as the coupon rate in a specified time period or maturity.

Understanding Margin Accounts in Canada

Margin accounts provide investors with the ability to borrow money from their broker to enhance their buying power.

5 Types of Bonds Explained

Bonds can be defined into the following five buckets: Sovereign Debt, Supranational Sub-Sovereign Agency (SSA Debt), Real Return Bonds (RRBs), Corporate Credit and Asset-Backed Securities.

Wealthsimple Trade Review – Zero Commission Trading in Canada

Wealthsimple Trade is a great platform for Canadian investors looking to enter investing for the first time.

What is a Management Expense Ratio MER?

The Management Expense Ratio (MER) is the cumulative sum of fees associated with fund management, operating costs and taxes charged as a percentage of the fund’s net assets.

How to Buy Stocks in Canada: Start Investing

Investing in stocks can seem daunting at first, but the key to getting a head start into investing is to have a well-defined objective and a financial plan to achieve your unique goals.

How to Invest in Silver in Canada

Investors turn to precious metals as they have stood the test of time as a store of value and a hedge against inflation. Here are 5 ways one can begin investing in silver.

How to Invest in Commodities in Canada

Well-diversified portfolios often allocate capital into commodities to hedge their portfolios' inflation risks. The most commonly traded commodities are often bucketed into 4 major categories, Energy, Metals, Agriculture and Livestock/Meats.

How to Start Investing in Canada: A Simple Guide

To streamline the investing process and achieve consistently positive outcomes, it is essential to have an asset allocation framework and make prudent decisions regarding the construction and composition of a portfolio.

Segregated Funds vs Mutual Funds: What’s the Difference?

The main difference between segregated funds and mutual funds is that segregated funds offer principal protection on investments and these products are sold by insurance companies, unlike mutual funds which are sold by asset management companies or financial institutions.