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What are some going GIC rates?

Anonymous

∙ 11y ago

Updated: 9/23/2023

There are many rates available with GIC. One can get an annual rate of 1.3% over a period of 1 to 1.5 years. Over 10 years it rises to 2.3%. There is a full list on the RBC Royal Bank website.

Wiki User

∙ 11y ago

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What do the letters GIC loan stand for?

A GIC loan is a loan that is secured by a (generally non-redeemable) Guaranteed Investment Certificate. A Guaranteed Investment Certificate (GIC) is a Canadian deposit instrument that provides a guaranteed rate of return for a given period that can range from one (1) day to ten (10) years. GICs are considered low-risk investments and are seen as having similar risk characteristics as OECD country debt. Some GICs are not redeemable until the holding period is complete, so some people will take loans against the GIC using the GIC as security for the loan.

Why gic colour changes when mixed with steel spatula?

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Why do you apply cavity varnish on gic cement?

To prevent the cement from: - Dehydration of cement, which prevents - Cracking of cement, which avoids, - Discoloration of cement Additional note: - Since GIC is a water based cement, it is sensitive to water so exposing the GIC is also unwise in the sense that it might get contaminated with water, hence over-hydrating the cement and affecting its physical properties - Note that the varnish is applied during the initial phases of GIC setting reaction to allow it to set comfortably, which means right after placement and before polishing - Also note that some authors say that the polishing burs or any instruments that will be used for instrumentation on GIC should be applied vaseline on their working ends

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