Close X
Sunday, November 17, 2024
ADVT 
National

Report Recommends End To Canada Savings Bonds And Canada Premium Bonds

The Canadian Press, 17 Jun, 2015 12:27 PM
    OTTAWA — A report prepared for the federal Finance Department by KPMG recommends the government wind down the program that sells Canada Savings Bonds and Canada Premium Bonds.
     
    The report says there is "no valid economic rationale" for the retail debt program that allows small investors to buy the government bonds in small amounts.
     
    If the government does not want to end the program, KPMG recommends a "no-frills version" that would eliminate the ability of Canadians to buy bonds through deductions from their paycheque.
     
    That option would allow the government to continue to provide Canadians with access to government bonds, while reducing costs related to the program.
     
    Low interest rates in recent years have reduced the appeal of Canada Savings Bonds compared with other similar investments.
     
    And because there are alternative investments that are insured by the Canadian Deposit Insurance Corp., the report says there would be virtually no market void unaddressed if the retail debt program were ended.

    MORE National ARTICLES

    First Nations Bring Contaminated Fish To Legislature To Protest Site C Project

    First Nations Bring Contaminated Fish To Legislature To Protest Site C Project
    VICTORIA — West Moberly First Nations Chief Roland Willson held up a frozen bull trout Monday and said the large fish is contaminated with mercury.

    First Nations Bring Contaminated Fish To Legislature To Protest Site C Project

    Conservatives Seek Five Election Debates But Not Traditional Format

    Conservatives Seek Five Election Debates But Not Traditional Format
    OTTAWA — The Conservative party wants to increase the number of election debates, but also change who gets to host them.

    Conservatives Seek Five Election Debates But Not Traditional Format

    Male Fin Whale Hit By Cruise Ship Spotted Dead In Vancouver's Burrard Inlet Towed Off For Necropsy

    Male Fin Whale Hit By Cruise Ship Spotted Dead In Vancouver's Burrard Inlet Towed Off For Necropsy
    VANCOUVER — The Fisheries Department says a dead whale spotted in Vancouver's harbour came in on the bow of a cruise ship.

    Male Fin Whale Hit By Cruise Ship Spotted Dead In Vancouver's Burrard Inlet Towed Off For Necropsy

    Police Looking For Dangerous Offender Nathan Myles Charged With Assault Of 18-Year-Old Woman

    Police Looking For Dangerous Offender Nathan Myles Charged With Assault Of 18-Year-Old Woman
    Thirty-five-year-old Nathan Myles is facing 10 charges, including unlawful confinement, assault with a weapon and assault causing bodily harm.

    Police Looking For Dangerous Offender Nathan Myles Charged With Assault Of 18-Year-Old Woman

    Murder Investigation Begins In Abbotsford After Driver Finds Man On Road

    Murder Investigation Begins In Abbotsford After Driver Finds Man On Road
    ABBOTSFORD, B.C. — Police say a homicide investigation is underway in Abbotsford, B.C., after an injured man was found lying on a street and died minutes later.

    Murder Investigation Begins In Abbotsford After Driver Finds Man On Road

    Chilliwack Dad Randy Janzen Suspected Of Alleged Murder-Suicide Knew He Was In The Wrong

    Chilliwack Dad Randy Janzen Suspected Of Alleged Murder-Suicide Knew He Was In The Wrong
    A man identifying as Randy Janzen posted a disturbing note to Facebook last week in which he confessed to shooting his 19-year-old daughter Emily in the head to free her from chronic, crippling migraines. 

    Chilliwack Dad Randy Janzen Suspected Of Alleged Murder-Suicide Knew He Was In The Wrong