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Good news savers: GIC rates have finally caught up with bond yields
Source: The Globe and Mail
Interest Rates & YieldsBanking & LiquidityConsumer Demand & Retail
Top Canadian GIC rates have risen sharply since early August, with the best five-year rate reaching 4.45% from 4.10% on Aug. 5. The best three-year GIC rate increased 45bps to 4.35%, improving fixed-income returns available to retail savers.
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