Financial Income Close to Home: Canada

by David Jenyns on March 3, 2008

The most obvious places to invest for financial income abroad are those nearest home-Canada and Mexico. The list below highlights many opportunities for reaping financial income from our northern neighbors.

Canadian Chartered Banks:

Canadian Fund Deposits – On Savings Accounts 2.75 percent, financial income of interest payable half yearly on minimum quarterly balance.


Fixed Term Deposits – Minimum $100,000, varying rates of financial income from 2.75 percent for a minimum of 30 days to 3.5 percent for 364 days.

Canadian Trust Companies:

Canadian Fund Deposits – Savings Accounts rates varying from 3 percent to 4 percent, interest as financial income payable half yearly on minimum half yearly balance.

Fixed Term Deposits – Minimum $5,000, varying rates from 2.75 percent for a mini mum of 30 days to 4.5 percent from 3 to 5 years.

Canadian Finance Companies:

Short Term Notes – Minimum $5,000 rates varying from 2.75 percent for a minimum of 30 days to 3.5 percent for 364 days.

Mid-Term Notes – Minimum $5,000, rates of financial income varying from 5 percent to 5.75 percent for terms from 1963 to 1967.

Among brokerage firms handling first and second mortgages is the Dean Realties Company, 423 Mayor Street, Montreal 2, Canada. In the spring of 1961 they were quoting rates on residential first mortgages of 11.2 percent and on second mortgages of 19.5 percent. Occasionally commercial properties were covered by such mortgages.

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