The Canadian Utilities MarketSmart GIC delivers the best of both worlds — the security of a GIC and a guaranteed minimum return with a potential for a higher return tied to the performance of a Canadian Utilities Index. This is ideal if you need the growth potential of equity but want to preserve your principal.
This GIC may be an appropriate choice if you:
You’ll participate in the returns of an important sub-sector of the Canadian stock market while your principal is 100% protected.
Your original investment is 100% guaranteed at maturity.
You’ll have principal protection and growth potential in one solution.
You’ll receive at least the minimum rate of return with the potential to receive significant additional upside to a maximum rate of return.
For more information such as how the return is calculated or to invest in a Canadian Utilities MarketSmart GIC, refer to:
Rates for 22 January 2019
|Term to Maturity||Minimum Return† [%]||Maximum Return† [%]|