Question

What are the options for investing in Canada?

1) Certificate of Deposit (CD)
2) Guaranteed Investment Certificate (GIC)
3) Stocks and Bonds
4) Real Estate

Answer 1

The options for investing in Canada include certificate of deposit (CD), guaranteed investment certificate (GIC), stocks and bonds, and real estate.

Step-by-step explanation:

When it comes to investing in Canada, there are several options available:

1. Certificate of Deposit (CD): A CD is an interest-bearing loan to a bank, government, or corporation. It specifies the amount of money loaned, interest rate, and due date.
2. Guaranteed Investment Certificate (GIC): Similar to a CD, a GIC is a low-risk investment offered by banks or credit unions in Canada.
3. Stocks and Bonds: Investing in individual stocks or bonds allows you to become a partial owner of a company or lend money to governments or corporations.
4. Real Estate: Another option is to invest in real estate properties that can provide income through rental or appreciation.