2 YEAR 2.69%

3 YEAR 2.69%

4 YEAR 2.69%

5 YEAR 2.74%*

5 YEAR Variable 2.90%*

Updated December 10th, 2019
*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

This borrow-to-invest strategy can build you wealth with someone else's money

Financial Post ~ August 6th, 2019

Borrowing to invest doesn’t have to be scary; in fact most people have done it

“Borrowing to invest” can be a scary phrase. There have been many inappropriate cases where it doesn’t end well.

Yet for all of the naysayers, I am pretty sure that you are currently doing it or have done it before.

If you have ever had a mortgage or debt on a home equity line of credit, you have borrowed to invest — you were taking on extra debt to invest in a house. Houses can go up or down in value, yet you probably didn’t consider this to be similar in risk to “borrowing to invest.”

If you contribute to or receive Canada Pension Plan (CPP), then you are also, in a way, borrowing to invest. The CPP, like most large Canadian pension plans, now uses some form of leverage or borrowing to try to outperform their benchmarks.

Click here to read the full article.