Canada Savings Bond

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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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The Demand for M2+, Canada Savings Bonds and Treasury Bills - working paper.
evidence, there exists a statistically significant above average return in the last quarter of the year.(2) We hypothesize that such seasonal behavior is directly related to the annual Canada Savings Bond campaign in the last quarter of the year, a unique Canadian phenomenon.
With plummeting interest rates, even trustworthy Canada Savings Bonds (CSBs) are not keeping up with inflation.

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