Where to park money in Canada in interest bearing account?

[farmboy44]

So how doea this work? Simply buy and sell cash.to shares through your trading account?
Any risk? If a black swan event were to occur, could you loose some or all of your money?

It sets back to 50$ every month on ex-div day (last day or two of the month usually). You are paid the spread (determined by interest rate) at that point. So if you bought Jan 3 at 50, it paid you 20c yesterday per share and is now back at 50. You don’t need to sell shares after buying, they just reset to the 50 buy price end of every month

Price modestly goes up through out the month, if you bought near the middle of the month you’d get :20 cents at the end still but your purchase value would be 50.10 ish instead

[Maver]

CASH.TO

TSX Traded, now yielding 4.8% annually

withdraw at any times with no penalty. Very good liquidity - makes it much more attractive than a GIC

So how doea this work? Simply buy and sell cash.to shares through your trading account?
Any risk? If a black swan event were to occur, could you loose some or all of your money?

[sumdumguy]

Money parked in One Year Variable GIC, Prime minus 1.85% - Take out anytime after 30 days.

[farmboy44]

CASH.TO

TSX Traded, now yielding 4.8% annually

withdraw at any times with no penalty. Very good liquidity - makes it much more attractive than a GIC

I've noticed some banks have stopped raising GIC rates and have lowered rates on longer terms !

That sure would be nice to see for the young fellas !!

[fjlip]

Hoping the SMITING be biblical!

[jazz]

You just need to follow this financial wizard around.

$VML up 8% since he was pumping it last week. Was up to 2.7cents !

He just gave $40m to some computer unicorn company today too.

Man Canadas debt has to be biblical now.

[shtferbrains]

You just need to follow this financial wizard around.

$VML up 8% since he was pumping it last week. Was up to 2.7cents !

[sumdumguy]

We parked short term money accessible after 30 days 1.85% below prime - prime was 6.45% Friday. Not bad!

[oldjim]

On RFD-TV this morning it was mentioned Rabobank is moving into Canada hard for Ag lending.
The goal is 15% of the market.

How are they to deal with I wonder?

Rabobank is already here - they provide input financing through Richardson Pioneer:

https://www.richardson.ca/richardson-pioneer/