SCOTIABANK LAUNCHES GLOBAL STOCK GIC
By Adnews Staff
Scotiabank brought a new GIC to market this week that links returns to the performance of the key stock markets of the G7 countries. Called the Scotia Three-Year G7 Stock-Indexed GIC, the product is RRSP-eligible and guarantees an investor's original investment, even if the stock markets decline. The GIC carries a cap of a maximum 30% gain. Investors have the option of locking in their returns after the second anniversary date to protect themselves against potential market declines in the third year of the GIC. The GIC is being promoted by a national print campaign that began last week and will run until the end of the month. Cossette Communication-Marketing's Toronto office handled the ads.
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