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Bravo Jordan : A GIC in this environment is a great way to lose money to inflation and the devaluing of the Canadian dollar.
Avaliye : XEQT, GIC returns sucks. I can make 5% in a single day, it’s just not worth it for my risk tolerance level. So long as you’re not in or near retirement you should be fine.
DanDha OP Avaliye : Tell us how you do that in one day.
Samanthaa : Both ETFs have been on a run since October 2022. Could correct going forward.
A GIC paying 3.9 to 4% more than covers 2% inflation. Might be the safer bet.
JGPM : It’s all about time horizon and risk tolerance.
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