WEALTH Matters — WINTER 2011 2012

INTEREST RATE TRENDS

Short term GIC rates continued to climb in the 4th quarter of 2011 from their June lows, but have still not returned to their highs from March. 5-year rates have also been on the rise but have remained below 3% since June.

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Inflation and the indexing of Government Benefits

Interest Rate Trends

Investment Market Commentary

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Fears of global recession had reduced the market’s expectations for inflation, and the flow of investments into government-backed bonds has bid up the prices of those assets and had reduced the effective interest rates.

With Canadian inflation still over 2%, and with US employment growing, we may see continued gentle increases across all terms, but until economic difficulties in Europe abate, there is unlikely to be any substantial move in the next year.

One of the easiest ways we have found to help compensate for the low rates is by offering high interest savings accounts that pay many times what the major banks do. Right now, you can earn 1.75% daily interest on your savings!

A Manulife Advantage Account is a virtual bank account that is linked to your regular chequing account. You can transfer your excess cash balances to your Advantage Account, earn 1.75% daily interest, and then transfer whatever you need back to your chequing account whenever you need it, with no service charge.

Manulife Advantage Account

1.75% Daily Interest

 

Bank Savings Account

Average 0.25% Interest

Transfer Instructions by Phone or Internet

For many years we had been using ING Investment Savings Accounts for this purpose, but we have found that Manulife consistently pays higher interest rates, and offers additional benefits. We can set up an account for you in a matter of minutes with a simple application form. Please call us if you would like to find out more.

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