When do you think rates will rise

BOC will likely raise rates in July based on the reaction to their last report. That doesn't necessarily mean a rise in consumer savings rates as much as it may lead to an increase on the lending side.

I burnt my fingers on a GIC once... since then I stick with investing myself and get a real return, I'm not a believer of savings accounts either. The bank will want your money but will be very reluctant to give it away, I don't see an increase in interest rates soon. (Can you tell I bank with TD? )

If the plug gets pulled on NAFTA I doubt there will be a rate hike in July - which is something I'm watching out for as well.

No current politician is going to do anything to reduce house prices or slow the rampant, uncontrolled spending going on. They're all going to kick the debt can down the road as far as possible until they die and it's not their problem anymore.

Every conservative politician in recent history has done everything they can to increase the money supply and reduce regulations. All that happens afterwards is a hot market full of bubbles followed by a massive crash they all run away from and leave to left-wing parties to fix by raising taxes and other revenue generation measures. The economy isn't going to improve enough to raise rates anytime soon under these guys, even outside of their individual wills to keep rates down.

Rates have been slowly rising for over 6 months now. You can get an 18-month CDIC-insured GIC from Oaken Financial that pays 3.0% per annum right now.

EQ is paying 3.5% on a 5Y GIC now. Best rates I've seen for awhile.