Your GIC is called Gurantee Income Certificate, your base deposit is gurantee. But for mutual fund, your deposit is not gurantee. Although the risk is so low, but there is still a chanceyou will loss money
jeffrey815(Smartiecat)
But the chance you are losing money is like only 1%. but still, it's not gurantee. Also, I'm pretty sure GIC is insured while mutual funds are not. Which means if the bank go bankrupt, you get your GIC back but not mutual funds.
(#347343@0) Last Updated: 2002-1-25 This post has been archived. It cannot be replied.