Canada Savings Bond

A savings bond offered by the Government of Canada and guaranteed by the Bank of Canada. Originally offered in 1946 as a Victory War Bond, a CSB pays a low, but safe, interest rate. The interest rate at which a CSB is offered is guaranteed for one year, and then fluctuates according to prevailing interest rates. A CSB is redeemable for cash at any time, but usually has a maturity of 10 years. See also: Canada Premium Bond.

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Canada Premium Bond

References in periodicals archive

As mentioned before, we hypothesize that the main factor causing the seasonal patterns in bond returns is the Canada Savings Bonds (CSBs).

The federal government of Canada conducts its fundraising activities in the credit markets using primarily three instruments: T-Bills (issued weekly), Canada Savings Bonds (issued annually), and marketable bonds (whenever needed, usually at least once a month).

Seasonality in Canadian treasury bond returns: an institutional explanation

The interest rate on Canada Savings Bonds is set at 6 per cent, down from 7 1/2 per cent a year earlier.

Chronology of economic events 1992

With plummeting interest rates, even trustworthy Canada Savings Bonds (CSBs) are not keeping up with inflation.

Money smarts

Expenses such as improved home insulation promise a higher rate of return than Canada Savings Bonds, let alone the stock market.

Betting on the future. (Political Science)

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