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5-yr GIC Trends Year to Date

Rob Carrick, the personal finance columnist, for the Globe and Mail, had a recent column about how 5-yr GIC rates are related to the five-year Canada bond. For context, let’s take a look at the last 22 years of the Government of Canada 5yr benchmark bond yield.

The Best Credit Card for Gift Cards in Canada

Canadians love gift cards. The Canadian gift card industry is expected to exceed seven billion dollars in 2022. To determine the best credit card for gift cards you need to see how quickly points accumulate with the spending of each card and also how efficiently those points translate into gift card dollars.

The Best Cash Back Credit Card in Canada

There is very little difference between a pure cash back credit card and a rewards card that allows you to use your accumulated points as a statement credit. That is why WhatBank considered both of these options to determine the best cash back card in Canada.

5 year GIC Rates - January to August 2022

Five year GIC rates have had a lot of action these past few months. With the Bank of Canada’s interest rate announcement next week (September 7th at 10am), I thought it would be timely to look at the five year GIC rates for all the financial institutions that WhatBank tracks for the period from January 1st to August 31st 2022.