Current GIC Rates (27/02/19)

Canadian GIC rates have decreased since my last update during December. Now at the end of February, the forward curve is sloping upward (no more higher kink in the 1-2 year rates) but the spread between 1 and 5 year rates has shallowed from 0.74% to 0.55%, which implies a very low premium for locking money up for 5 years compared to just 1 year. The 5 year ladder yield is currently, 2.67% compared to HISA rates of 1.60% on demand deposits.

Click here to view current GIC rates

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