Head office 416 461 9257 Gateway 905 625 6973

April Newsletter

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Date Posted: April 2016


For many years now, we’ve sold Index-Linked Term Deposits ONLY during RRSP season. Simply put, these investments have a return based on the performance of the stock market (Canadian S&P/ TSX 60). What makes them different from investing in the market directly is full protection of the principal while offering potential higher returns of interest. The return on Index Linked products is measured from the beginning and ending readings of the S&P/TSX 60. When the market is at a low, the beginning Index reading is also low making the potential return in 3 or 5 years time higher than returns on typical GIC’s. Your principal is guaranteed, you have a choice of 3 or 5 year terms non- redeemable until maturity, they are RRSP eligible, you can invest with as little as $1000, you pay no commission, management or administrative fees, and the deposits are insured up to $100,000 under DICO. Do phone or drop by your branch for further details.


We are delighted to announce that Winnifer Lee, our branch manager at the Gateway location, is now licensed to sell OnCourse Mutual Funds. We invite you to contact Winnie directly to discuss our Mutual Fund offerings which consist of 10 mutual funds; five AGF Portfolios and five NEI Portfolios provided to us via Credential Asset Management. Information on the funds is available at www.oncourseinvestments.com and we will soon have a dedicated website for our members. If you believe that we are at or close to the bottom of the stock market in terms of pricing, this may be an alternative way to invest in the longer term performance of the market. We are very pleased to offer this exciting investment option to our members and congratulate Winnie on her new, licensed status.


We’ve got lots of small and medium sized safety deposit boxes available for rent at the Eastern Avenue location. The small boxes rent for only $25/year and the medium boxes are available for $30/year. Compare this to the big banks where small boxes are considerably more ($45/year at the Royal Bank, $60/year at the TD Bank). Most of the banks in our area have a waiting list for boxes. Get one now and get it at a better rate !!