GIC yields on the rise as BoC battles ‘sticky inflation’: Dale Jackson

BNN Bloomberg · Dale Jackson · 2026-11-06 15:11 UTC

If you enjoy a good night’s sleep, there’s reason to sleep a little deeper. Yields on fixed income products such as guaranteed investment certificates (GICs) are inching up - reaching as much as 4.5 per cent.

If you enjoy a good night’s sleep, there’s reason to sleep a little deeper.

Yields on fixed income products such as guaranteed investment certificates (GICs) are inching up - reaching as much as 4.5 per cent.

Pressure for borrowers to pay up comes on the heels of last week’s Bank of Canada decision to increase its trend setting lending rate to 2.5 per cent. The 25 basis point hike was the first in three years, and market indicators suggest it might remain near or slightly above current levels heading into 2027.

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