The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. For decades, the federal government has run folksy television ads promoting "safe, cashable, Canada Savings Bonds" as a reliable option for savers. But as Ottawa expanded its backstop of private-sector savings options through the Canada Deposit Insurance Corp. I also know that my ongoing responsibility is to make sure that the programs that we have in place function as we expect them to," Mr. Morneau told reporters Tuesday following a cabinet meeting on Parliament Hill. The minister was responding to a report by the French service of the CBC that said the government is considering whether to phase out the program in the budget.
Do you own Canada Savings Bonds?
Archived - Canada Savings Bonds Rates Announced
Why Zacks? Learn to Be a Better Investor. Forgot Password. If you hold bonds through a brokerage, they'll likely automatically be cashed in when they mature, or stop paying interest. But otherwise, as is often the case with U. Bonds that have matured do not accrue any more interest. If you don't cash the bond in, you're allowing the U.
Canada Savings Bonds - What does maturity date really mean?
Canada Savings Bonds were investment instruments that were offered by the Government of Canada in between the years and , sold between early October and December 1 of every year. Five bond campaigns were held from to To advertise the purchasing of Victory Bonds, the Victory Loan Dominion Publicity Committee created artwork, held parades , and had celebrity endorsements.
Canada Savings Bonds and Canada Premium Bonds continue to earn interest until maturity or redemption. Browse through the gallery and view the timeline to learn about the History of Canada Savings Bonds. They were used to fund the war efforts. The Program provided cost-effective funding for the Government and served as a savings vehicle for Canadians. Acting as an agent of the Government of Canada, the Bank of Canada paid the annual interest directly to the bond holder.