The current economic climate marked by declining inflation and further potential rate cuts in both Canada and the United States could have an impact on your clients' savings.
These rate cuts could:
- Lighten the load of your clients’ variable-rate debts. It could therefore help them have more liquidity
- Reduce the returns in the HISA, which are directly influenced by interest rates. GIF rates are also likely to be reduced.
- Create a favorable environment for bonds and opportunities to seize on the market.
It’s the perfect time to remind your clients who still hold a significant proportion of their assets in the high interest savings account (HISA) that they could be missing out on the potential for higher returns.
Over the next few days, some of you will receive a list of clients with assets in the HISA or DIF+ via the Advisor Centre’s secure messaging system. This is a re-launch of the initiative that was launched last March. The list will contain value-added information, including the sum of transfers that have already been made.
Contact your clients today!
Contact your clients today!
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