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The Canada Savings Bond ( French: Obligations d’épargne du Canada) was an investment instrument offered by the Government of Canada from 1945 to 2017, sold between early October and December 1 of every year. [ 1] It was issued by the Bank of Canada and was intended to offer a competitive interest rate, and had a guaranteed minimum interest rate.
The interest rate of a Series HH bond was set at purchase and remained that rate for 10 years. After 10 years the rate could be adjusted, with interest paid at the new rate for the remaining 10 year life of the bond. [24] After 20 years, the bond would be redeemed for its original purchase price. Issuance of Series HH bonds ended August 31, 2004.
There were three types of savings bonds offered by the province. The variable-rate bond was a three-year bond that had its interest rate reset every six months (prior to 2009) or every year (since 2009). The step-up bond was a five-year bond that had an interest rate that increased every year until maturity. Finally, there were three different ...
For example, if the annual coupon of the bond were 5% and the underlying principal of the bond were 100 units, the annual payment would be 5 units. If the inflation index increased by 10%, the principal of the bond would increase to 110 units. The coupon rate would remain at 5%, resulting in an interest payment of 110 x 5% = 5.5 units.
Say, for example, you buy a Series EE bond for $100 that earns 2.70% interest per year, which was the rate from May 1 to Oct. 31, 2024. One month’s worth of interest is added to the $100 ...
The Canada Deposit Insurance Corporation (CDIC; French: Société d'assurance-dépôts du Canada) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' deposits held at Canadian banks (and other member ...
The matching rate is increased to 30% for the first $500 of contributions (families with: $35,000 < income ≤ $70,000). The 20% matching rate is unchanged in other situations. The 37th Canadian Parliament was dissolved prior to the passage of the 2004 Budget. The 2004 Canadian federal election resulted in a
Canadian public debt, or general government debt, is the liabilities of the government sector. [1]: 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future. [2]: 207 They consist mainly of Treasury bonds, but also include public service employee pension liabilities ...