Last week, for the first time in decades, we saw GIC rates rise above the 6.00% mark - and as you can see in our best rates available, the climb continues. In this increasingly competitive space, we want our clients to know their money is working as hard as it can.

To that end, we produced our Rate Comparison table to plainly demonstrate the difference in interest income you can expect when investing with Fiscal Agents over your local big bank's offerings, using the most currently available rates for all of the top six Canadian banks.

Click the link into our website below and we’ll show you just how much more return on GICs we can put into your hands.

Consumers overestimating how low, and how fast, interest rates will fall: economists

Neutral rate may be rising due to government deficits and changing supply chains

By Rosa Saba, Canadian Press (posted on Advisor.ca)

From the article: With interest rates are likely at or near their peak in Canada, experts say consumers shouldn’t expect rates to return to pre-pandemic levels.

The central bank is more likely to bring its overnight rate to between 2% and 3%, though not anytime soon, said David Macdonald, senior economist with the Canadian Centre for Policy Alternatives.

“That’s a ways off. That’s not next year,” he said, adding that consumers may not have fully grasped this yet.

Home sales, prices will likely fall in short term: TD report

The bank forecasts a potential pickup in the housing market in 2024’s second quarter

By Canadian Press, published on Investment Executive

A new report by TD Economics predicts Canadian home sales and average prices will fall over the coming months but pick up by the second quarter next year.

Economist Rishi Sondhi says the impact of higher interest rates continues to be felt, which will likely push sales and prices lower by 10% and 5%, respectively, by the end of the first quarter of next year, compared with 2023 third-quarter levels.