NEW INDEX-LINKED GIC UNVEILED
By Adnews Staff
Canada Trust of Toronto introduced a new entry into the seemingly endless pool of RRSP-eligible products today. Called the World Markets GIC, the new launch combines the growth potential of the worldÕs leading stock markets with the safety of a GIC. The GIC is based on the performance of seven stock market indices around the world over a five year period. The indices include: the Toronto 35 Index (Canada), the S & P 500 (U.S.), the FTSE 100 (U.K.), the DAX 30 (Germany), the CAC 40 (France), the Nikkei 225 (Japan) and the Hang Seng 33 (Hong Kong). If the indices decrease in value, the principal of the GIC is guaranteed. The new GIC will be supported by a national print campaign. McDonnell Haynes Ltd. of Toronto created the ads.