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Hunting for decent returns with low risk? Here are the basics of GICs

Published Fri, 22 Nov 2024 05:32:14 GMT

TORONTO — As interest rates have risen, so has the popularity of guaranteed investment certificates. Here are the basics:What is a guaranteed investment certificate?A guaranteed investment certificate offers a set rate of return while keeping the original amount of money invested safe, making it an attractive option for investors with a low risk tolerance. One of the key features to be aware of with GICs is your money is typically locked in for a specific period of time, referred to as a term. Terms are usually one-, three- or five-years, although shorter and longer terms are available. GICs can be held in virtually all investment accounts, including a tax-free savings account and registered retirement savings account. What are the main pros and cons of GICs?One of the biggest attractions of a GIC is the fact that the money you invest and the rate of return are, as the name implies, guaranteed.There are a variety of terms and interest rate options available to investors and deposits...

Rising GIC returns broadening their appeal to younger investors

Published Fri, 22 Nov 2024 05:32:14 GMT

OTTAWA — Rising interest rates have pushed up costs for borrowers and made mortgages, car loans and other debt more expensive, but the flip side for savers is the better rates for investments such as guaranteed investment certificates.While among the safest forms of investment, GICs had fallen out of favour due to the paltry returns in recent years. Now, experts say higher rates have made GICs more appealing.Gabriel Lalonde, president of MDL Financial Group, said GICs are now a more attractive investment for retirees and those approaching retirement.“Most people have a portion of fixed income in their portfolios, unless they’re really, really young and, up until now, we haven’t really looked at GICs because the interest rates were not very good,” Lalonde said. Unlike a stock, your original investment in a GIC is guaranteed. They are also eligible for protection under the Canada Deposit Insurance Corp. and provincial deposit insurers.But that safety came with ...

Wisconsin GOP to vote on banning youth transgender surgery, barring transgender girls from sports

Published Fri, 22 Nov 2024 05:32:14 GMT

MADISON, Wis. (AP) — The Republican-controlled Wisconsin Assembly was poised Thursday to pass contentious legislation barring transgender youth from obtaining gender-affirming surgery and limiting their participation on sports teams despite a veto threat from Democratic Gov. Tony Evers.GOP legislators across the United States are working to limit transgender youth’s rights, sparking fierce pushback from the transgender community and triggering discrimination lawsuits along the way. Now the battle has come to Wisconsin.Assembly passage would send the legislation to the Republican-controlled state Senate. If that chamber passes the package it would go next to Evers, who has already promised the bills will never become law.“We’re going to veto every single one of them (the bills),” Evers told transgender youth and their supporters who gathered at the state Capitol last week for packed hearings on the proposals. “I know you’re here because you’re pissed off and y...

Crane removing famous tree by Hadrian’s Wall in England that was cut down in act of vandalism

Published Fri, 22 Nov 2024 05:32:14 GMT

LONDON (AP) — A crane on tracks was removing a much-loved tree Thursday from the place near the Roman landmark of Hadrian’s Wall in northeastern England where the sycamore was cut down two weeks ago in an apparent act of vandalism.The National Trust, which seeks to protect England’s heritage and natural landscapes, said the crane will lift the often-photographed and painted tree, which some believe to have been around 300 years old, from where it lies near the delicate and now-damaged wall. Andrew Poad, the site’s general manager for the National Trust, said it was necessary to move the tree “both to preserve the world-famous monument that is Hadrian’s Wall, and to make the site safe again for visitors.”Though the 50-foot (15-meter) tree is too big to move in one piece, experts hope the trunk can be kept in large sections in order to leave future options open on what could be done. The stump, which could generate new shoots, will be kept in place and is currently behind a protective...

Early morning storms leave path of damage from Tampa Bay into north Florida. No injuries reported

Published Fri, 22 Nov 2024 05:32:14 GMT

CLEARWATER, Fla. (AP) — A storm system that moved across parts of Florida early Thursday left a path of damage to cars, houses and businesses, authorities said. Police in Clearwater, which is on Florida’s Gulf Coast near Tampa, said in a social media post that no injuries were reported when two possible tornadoes touched down around 2 a.m. Thursday. Photos shared by the agency showed gutters from a home that pierced the windshield of a car. The storms moved north into Citrus County, where officials canceled public school classes for the day.“The west side of Citrus County has experienced significant damage from an unconfirmed tornado(s) which hit the area overnight,” school officials said in a Facebook post shortly after 6 a.m. Thursday. Deputies were directing traffic Thursday morning due to multiple road closures caused by the storm, the Citrus County Sheriff’s Office said on social media. A portion of U.S Highway 19, which is a major thoroughfare through the mostly ru...

Troye Sivan harnesses ‘levity and fun’ to fuel third full album, ‘Something to Give Each Other’

Published Fri, 22 Nov 2024 05:32:14 GMT

NEW YORK (AP) — Troye Sivan was initially going to begin his third full-length album with a ballad, a wistful song looking back at lost love. Then he thought better about it. Frisky was the way to go.“I want people to know I’m OK. Things are good. Life is fun. Sex is great,” he says in an interview. “From the second they click play on the album, I wanted to slap them across the face.”The first song — also the first single — is “Rush,” a blast of house and EDM beats topped by a male chanting chorus, combining to create the vibe of a crowded nightclub or strobe-lit rave.“It was a feeling that I knew that I was feeling in life that I hadn’t yet managed to distill,” Sivan says. “When we finally got ‘Rush,’ I was like, ‘OK, this feels exactly the way that I want it to feel and communicates exactly what I wanted to communicate.’” “Rush” — complete with a video in which the first image is of a man’s backside being slapped — was the last song added to “Something to Give Each Other,” S...

Canadian military flight leaves Tel Aviv with 130 people on board: defence minister

Published Fri, 22 Nov 2024 05:32:14 GMT

Defence Minister Bill Blair says a Royal Canadian Air Force plane has left Tel Aviv with 130 people on board.The departures board at the airport shows that flight CFC 4169 left for Athens this afternoon local time.The federal government said Wednesday that flights could begin leaving as early as today, with up to 150 passengers on board.Officials say around 700 Canadians in Israel have asked for help to leave the country since violence broke out on Saturday.Canada does not usually provide military air transportation when commercial flights are still operating, but the government says people have been asking for help because it’s difficult to get tickets.A second Royal Canadian Air Force flight is listed on the departures board for this evening, and a third for Friday afternoon.

Daughter of American, her husband and 4 children stuck in Gaza-strip amid Israel war

Published Fri, 22 Nov 2024 05:32:14 GMT

Chicago -- In the sealed-off Gaza Strip, Palestinian suffering mounted as Israeli bombardment demolished neighborhoods and the only power plant ran out of fuel -- A suburban man shared how his daughter and her family are stuck in the Gaza-strip.Hundreds of airstrikes have been sent to the Gaza strip, leaving thousands of civilians left dead, injured or missing.John Rauschenberger joins WGN Morning News to share that his daughter, her husband and their four children were stopping over in Gaza when the chaos broke and have been stuck since. "The U.S. State Department has no plan to help evacuate Americans in Gaza," Rauschenberger said. Humanitarian groups pleaded for the creation of corridors to get aid into Gaza and warned that hospitals overwhelmed with wounded people were running out of supplies. As strikes devastate Gaza, Israel forms unity government to oversee war sparked by Hamas attack Israel has stopped entry of food, fuel and medicines into Gaza, and the sole re...

Fetterman: America 'not sending their best and brightest' to Congress

Published Fri, 22 Nov 2024 05:32:14 GMT

(The Hill) -- Sen. John Fetterman says that America “is not sending their best and brightest” to represent them in Congress.“Sometimes you literally just can't believe like these people are making the decisions that are determining the government here. It's actually scary,” the Pennsylvania Democrat said during a Wednesday appearance on “The Late Show with Stephen Colbert.”“Before the government almost shut down, I mean, it came down to a couple hours,” Fetterman said of the House and Senate last month passing a continuing resolution to fund the government into mid-November, narrowly avoiding a shutdown.“I was in my office, and they finally came over from the House. And they're like, ‘OK, well, this has to be unanimous in the Senate.’ And out of 99 of us, if one single one of us would have said no, the whole government would have shut down,” he told Colbert.“That's how dangerous that is to put that kind of power in one's hands, because you have some very less gifted kinds ...

Dean's TBT Interview: Hugh Jackman

Published Fri, 22 Nov 2024 05:32:14 GMT

WGN Entertainment Reporter Dean Richards' 2011 interview with Hugh Jackman.Get Dean's reviews and A-List interviews delivered right to your inbox. Sign up for Dean's Downloads weekly newsletter. You'll also get his Dean Cooks recipes too!