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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).
Feed the Valley is a unique hunger fighting initiative that aims to raise food, funds and awareness for food banks in the Valley First trade area. [3] With the ultimate goal of eliminating hunger in the Okanagan, Similkameen and Thompson valleys, Feed the Valley has collected more than 96,000 pounds of food and raised the equivalent of ...
The market growth GICs or market stock-indexed GICs have their interest rates determined by the rate of growth of a specific stock market (such as the TSX or S&P 500).For example; if the TSX has a market growth increase of 30% in three years, beginning at the same point in time the GIC was issued, the GIC will return with an interest of 30%.
First West Credit Union (First West) is British Columbia's third largest credit union with nearly $18.6 billion in total assets and assets under administration and more than 253,000 members. Its core business is traditional banking, the provision of personal and business daily banking services.
Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...
The rate was lowered again to 2.0% on August 25, 2016. [21] In May 2017 the rate was raised to 2.3%. [ 22 ] From January to March 2020, the rate peaked at 2.45% before being reduced to 2.0% in response to reductions of the Bank of Canada interest rates due to the economic impact of the COVID-19 pandemic . [ 23 ]