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GIC rates are rising. That could be a reason not to lock in for five years
Source: The Globe and Mail
Interest Rates & YieldsBanking & Liquidity
Canadian savers can again choose GICs paying 4% or more. The highest reported rates are 4.50% for five-year GICs, 4.40% for three-year GICs, and 4.00% for one-year GICs.
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