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The rate of return on a GIC varies depending on the various factors, such as the length of the term and specified interest rates from the Bank of Canada. At the time of purchase, the rate is higher than the interest on a savings account. The return on the investment will be low if the savings interest rate becomes higher than the GIC rate of ...
A guaranteed investment contract (GIC) is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies qualified for favorable tax status under the Internal Revenue Code (for example, 401(k) plans).
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Canada's economy grew at an annualized rate of 1% in the third quarter, undershooting the Bank of Canada's forecast of 1.5%, after growing 2.2% in the prior quarter.
Microsoft Excel is a spreadsheet editor developed by Microsoft for Windows, macOS, Android, iOS and iPadOS.It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA).
The horizon chart is a variation of the area chart. Having established a horizontal axis, negative values are mirrored over the horizontal axis, while positive values retain their position. As an alternative approach, rather than reflecting negative values, they can be shifted so that the smaller value aligns with the horizontal axis.
The Economic Council of Canada was an independent economic advisory body established as a federal Crown Corporation by the Government of Canada in 1963. [1] Its purpose was to report on a wide range of pressing matters relating to Canada's economic development, focusing on five main economic objectives: full employment, sustained economic growth, price stability, equitable distribution of ...
The 1990 budget did not introduce a major tax change, as income taxes were reformed in prior years and the Goods and Service tax was scheduled for implementation on January 1, 1991. Although not part of the 1990 budget, three major tax changes are implemented as of January 1, 1991: [ 1 ]