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A 5-year GIC paid 11.3%, and inflation was only running at 4.6%; that’s a real return of 6.7% (11.3% – 4.6%). Even in 1995, a 5-year GIC paid 7.1% with inflation at 1.7%, for a real return of 5.4% (7.1% – 1.7%). GIC rates are partly influenced by the Bank of Canada’s interest rate announcements, specifically the movement in the prime rate.
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Precious on land and at sea. Available in three diameters – 37, 40 and 42 mm – and in various precious versions – 18 ct yellow, white and Everose gold – as well as in Everose Rolesor and Rolesium versions, the Yacht-Master is unique in the world of Rolex professional watches.
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