Cenovus Energy Inc T.CVE

You can get GICs yielding 4.1% last I checked, maybe higher

[RagingBull3]

now.     Zero Risk, 4.1%     

Now given that Bonds and Preferreds have RISK, they should be offering higher yields than a GIC !!!

But everything been Manipulated and Twisted, nothing makes sense.

All just my opinion/view/thinking

[autofocus111]

I'm sorry but what GICs are yielding 4.1%? >>> Guaranteed Investment Certificate - Long-Term and Compound Interest Term Non-registered and Registered (TFSA, RSP, RIF, RESP) 1 year 2.80% 2 years 3.00% 3 years 3.10% 4 years 3.15% 5 years 3.50%   https://www.td.com/ca/en/personal-banking/personal-investing/products/gic/gic-rates-canada/

[RagingBull3]

Just check around.... There's other financial insitutions other than TD.    Scotia Bank offering 4.0% GICs    GIC Interest Rates | Scotiabank Canada CIBC 4% GICs CIBC Bonus Rate GIC EQ Bank 4.15%  The best GIC rates in Canada 2022 | Ratehub.ca The rates changes all the time.... just a month or so ago it was 3.5% at CIBC if I remember correctly... now they bumped

[RagingBull3]

You can get up to 50% GIC with "market linked GIC".... Again Zero risk on principle as I understand. Might be something to look into after a market crash.    Zero Risk. All just my opinion/view/thinking.

[autofocus111]

Thanks. Maybe the Canadian government can restart the CSB program. US savings bonds (I-bonds) yielding close to 10%, but only avaiable to US citizens. How about it Canada? Teach youngsters to save instead of blowing their allowance on Roblox. https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm

[Chad123]

They way I see it they probably will restart CSB with high yeilding bonds if the head cockroach stays in power a few more years. LOL

[skygarden]

https://www.highinterestsavings.ca/gic-rates/

[Maxmoe]

Still a worthless investment at 4%. That's 2% after tax. Or less. May as well keep it under the mattress. At least my cash won't be spent by government on something stupid. They can spend my taxes on that but not my savings as well.  (.

[mrbb]

especially bad when annualized inflation is >7%.  Worth more buying extra spagetti and beans than to let someone else use of your GIC money for a 2% fee. There are plenty of >2% day just having oil stocks.