After an era of rock-bottom interest rates, many investors find themselves attracted to more lucrative yields. As of mid-October 2023, one-year Guaranteed Investment Certificates (GICs) in Canada are paying around 5.15%. Short-term Government of Canada treasury bills also offer yields investors could only dream of a few short years ago. The one-year treasury is currently yielding 5.23%, and many investors think they can simply purchase these “risk-free” investments to achieve financial success. Unfortunately, higher risk-free rates do not tell the whole story… 

If you’re an investor weighing the risks and benefits of your options, read the latest insights shared on LinkedIn by Travis Forman CFP, CIM, FCSI, a Portfolio Manager at Harbourfront: Are Risk Free Returns Risky?