Canadians Love GICs: Can They Do Better?

Editorial Note: Guaranteed Investment Certificates (GICs) are familiar territory for most Canadians. They feel comfortable and safe. Just like the institutions that they are usually purchased from. However, just like other financial advice and products, you should look beneath the surface to understand the true costs. Further, compare that to the alternative options for what you are trying to accomplish. GICs saw a resurgence recently due to their headline interest rates. Many of those GICs are now maturing ...