Canadian Diversified Market-linked GIC
Features and benefits
- 100% participation rate - receive the full gains of the Market-Linked GIC over the term, up to a maximum rate (return is based on the cumulative return of the basket of securities)
- Principal completely guaranteed at maturity
- Earned interest paid at maturity
- $100 minimum investment for registered and non-registered accounts
- No management fees or commissions
- Available for a 3 or 5-year term
- Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA).
Current sales period details
Rate of Return
- Current Offering: July 23, 2024 to September 20, 2024
- Minimum cumulative rate over 3-year period: 7.00% (2.28% annualized)
- Minimum cumulative rate over 5-year period: 10.00% (1.92% annualized)
- Maximum cumulative rate over 3-year period: 30.00% (9.14% annualized)
- Maximum cumulative rate over 5-year period: Unlimited
Stocks | Weight |
---|---|
Agnico Eagle Mines Ltd | 5% |
Bank of Montreal | 5% |
Bank of Nova Scotia/The | 5% |
BCE Inc | 5% |
Canadian Imperial Bank of Commerce | 5% |
Canadian Natural Resources Ltd | 5% |
Canadian Pacific Kansas City Ltd | 5% |
Emera Inc | 5% |
Enbridge Inc | 5% |
Hydro One Ltd | 5% |
Magna International Inc | 5% |
Manulife Financial Corp | 5% |
National Bank of Canada | 5% |
Nutrien Ltd | 5% |
Pembina Pipeline Corp | 5% |
Royal Bank of Canada | 5% |
Saputo Inc | 5% |
Thomson Reuters Corp | 5% |
Wheaton Precious Metals Corp | 5% |
WSP Global Inc | 5% |
Total | 100% |