GICs vs. equities: How investors should play the elusive drop in interest rates

With Wednesday’s Bank of Canada decision to hold its benchmark interest rate at five percent, many investors remain in a state of limbo as they await a rate cut from the central bank. Inflation, employment and productivity data all remain under scrutiny, with fixed-income interest rates and yields on lower-risk vehicles such as GICs remaining at their highest in years. “Yes, we’re hearing conversations of, this is going to happen, rates are…