Provincial treasury bills

Provincial treasury bills are similar to their Canadian counterparts, but with a higher return to compensate for a slightly higher risk level.

Banker’s acceptance

A banker’s acceptance is a loan vehicle from a company that is guaranteed by a bank. It offers a higher security level – that of the issuing bank – and pays a higher return than a bond. There are no fees for transactions related to this product.

Features

• Low risk level
• Maturities of up to 180 days
• Offered in multiples of $1,000 (minimum purchase o f$100,000)
• Negotiable at any time at market price