Laurentian Bank of Canada has launched a new multi-rate GIC that offers a 7% rate of retun in the fifth year.Tthe Xtra Multi-Rater GIC offers a five-year average annual return of 3.808%. It pays a 2.7% rate for the first year, a 2.8% rate for the second year, a 3.2% rate for the third year, […]
Laurentian Bank of Canada has launched the first term note, commonly referred to as a step-up bond, to be offered in-branch.Usually distributed through brokers, the product, with a potential term to maturity of five years, offers a higher rate of interest than guaranteed investment certificates.The term note is redeemable annually by Laurentian Bank. The average […]
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Growth in loan and deposit portfolios
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