Bonds – primary and secondary market

Bonds are a very secure debt instrument issued by federal, provincial and municipal governments. The return is guaranteed and higher than GICs with the same maturity, but bonds must be kept until maturity. The interest is payable twice a year, but some bonds have monthly coupons. All bond transactions are completely free.

Features

• Low risk level
• Offered in multiples of $1,000 (minimum purchase of $10,000)
• Payable within three business days following the transaction, except for new issues
• Purchased at par ($100), at a discount or at a premium
• When purchased on the secondary market, payment of accrued interest
• Negotiable at any time at market price