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  1. M

    Where can I get over 5% on a savings account or GIC, now that BoC raised rates again?

    @pastorvjoshua Very approximately: If you buy at 50.20 near the end of the month, you'll have overpaid 0.20 (the approx. value of the pending disbursement). But as you were a shareholder on the record date you'll be eligible for the disbursement of approx. $0.20 per share (it's equivalent to...
  2. M

    Where can I get over 5% on a savings account or GIC, now that BoC raised rates again?

    @pastorvjoshua Each day you wait you’re closer to the record date. The interest is, in layman’s terms, ‘building up’ over the course of the month but until it pays out, it’s being factored into the share price. So in short, it doesn’t matter. You either get the interest via the elevated share...
  3. M

    Shopping for mortgage? Here are some general concepts you might be interested knowing

    @resjudicata What does a home’s market value have anything to do with going choosing a variable rate option versus fixed? That’s a honest question as I’ve never heard of a market downturn affecting rates- except positively- for example, in your situation, variable rates after the financial...
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