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Canada Savings Bonds offer low first year rate in 1991 issue
The federal government sets a 7.5 percent initial rate for the 1991 CSB issue starting November 1, down from 10.5 in 1990. While fully guaranteed by the government and cashable anytime, early cashing yields only face value. Series 39 bonds mature November 1, 1991, and Ottawa promotes rollover receipts, but inflation and taxes erode real returns. private GICs may offer better, taxable results. Mr. Mardon of Investors Group California?
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