A Lost Decade For GICs
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Over the past decade, returns from one-year Guaranteed Investment Certificates (GICs) have been negative after accounting for taxes and inflation. The average annual return on a one-year GIC was less than 1%, while inflation averaged over 2% per year. As a result, investors who kept their money in GICs actually lost purchasing power over the past 10 years. Maintaining a diversified portfolio that includes equities can help protect an investor's purchasing power and allow their wealth to grow over time, as Canadian equities returned over 6% annually during the same period.
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A Lost Decade For GICs
Many Canadian investors turn to Guaranteed Investment Certificates (GICs) looking for safe, stable income. However, low interest rates, taxes, and inflation have meant the real return on an average one-year GIC has actually been negative every single year over the past decade as shown in the chart. As a result, if you invested in a GIC, after taxes and inflation, you actually lost ground.
This is why having a diversified portfolio with a range of asset classes is essential. Including a portion of equities in your portfolio can protect your purchasing power and help grow your wealth over time. As an example, the ten-year return for Canadian equities as represented by the S&P/TSX is 7.97% for the same timeframe.
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A Lost Decade For GICs
Many Canadian investors turn to Guaranteed Investment Certificates (GICs) looking for safe, stable income. However, low interest rates, taxes, and inflation have meant the real return on an average one-year GIC has actually been negative every single year over the past decade as shown in the chart. As a result, if you invested in a GIC, after taxes and inflation, you actually lost ground.
This is why having a diversified portfolio with a range of asset classes is essential. Including a portion of equities in your portfolio can protect your purchasing power and help grow your wealth over time. As an example, the ten-year return for Canadian equities as represented by the S&P/TSX is 7.97% for the same timeframe.
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After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Who Is Abhay Bhutada, MD of Poonawalla Fincorp
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
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留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
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What's a worker’s market? Job quality and labour market tightness
What's a worker’s market? Job quality and labour market tightnessLabour Market Information Council | Conseil de l’information sur le marché du travail
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.Seminar: Gender Board Diversity through Ownership Networks
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
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Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
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A Lost Decade For GICs
- 1. A lost decade for GICs INVESTING CONCEPT 4% 1-Year GIC Average After Tax After Inflation 3% 2% 1% Many Canadian investors turn to Guaranteed Investment Certificates (GICs) looking for safe, stable income. However, low interest rates, taxes, and inflation have meant the real return on an average one-year GIC has actually been negative every single year over the past decade as 0% shown in the chart. As a result, if you invested in a GIC, after taxes and inflation, you actually lost ground. -1% This is why having a diversified portfolio with a range of asset classes is essential. Including a portion of equities in your portfolio can protect your purchasing power and help grow your -2% wealth over time. As an example, the ten-year return for Canadian equities as represented by the S&P/TSX is 6.21% for the same timeframe. -3% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Based on Bank of Canada’s average one-year GIC rate, tax rate of 46. 4% for Ontario and the annual rate of inflation. Source: Investors Group Portfolio Analytics Investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm) and Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Written and published by Investors Group as a general source of information only. It is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax, legal or investment advice. Readers should seek advice on their specific circumstances from an Investors Group Consultant. ™ Trademark owned by IGM Financial Inc. and licensed to its subsidiary corporations. “A lost decade for GICs” © Investors Group Inc. 2011 C3815 (02/2011)