
Guaranteed Investment Certificates (GICs) and Term Deposits (TDs) are investments that pay interest at a guaranteed rate for a fixed term. Guaranteed Interest Annuities (GIAs) are similar investments issued by life insurance companies.
CANNEX gathers, compiles and distributes interest rates and product information for GICs, TDs, GIAs and RRSPs offered by banks, trust companies, credit unions, savings and loan and life insurance companies holding 99% of the money invested in these products in Canada. CANNEX tracks both registered (RRSP) and non-registered products in Canadian and U.S. currencies.
Term Deposit/GIC/GIA/RRSP Information Sheet (pdf)
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CANNEX also facilitates the sale of these products through its Transactions service by accepting electronic applications from brokers, agents and dealers and distributing them to participating financial institutions.
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