In Canada, you can invest in a variety of assets with different levels of risk. You can choose from GICs (Guaranteed Investment Certificates), which are backed by the CDIC, as well as stocks and bonds. Investor Centre provide low-risk investments that pay a fixed interest rate for the duration of the term, ranging from 30 days to 10 years. This type of asset is ideal for investors who want a secure return on their money.

If you’re looking for more aggressive investment options, you can also consider investing in ETFs or index funds, which track major market indices. These types of funds give you exposure to a wide range of stocks and can help you diversify your portfolio by including both market leaders and laggards in your portfolio. However, you should keep in mind that a stock’s value can fluctuate.

Best Investment Guides for Canadians: Essential Resources for Smart Investing

Before you invest, you should determine how much money you can afford to lose without impacting your daily living expenses or debt payments. In addition, it’s recommended to build an emergency fund and minimize high-interest debts before investing in stocks or other securities.

You should also take advantage of tax savings and grants that can increase the profitability of your investments. In addition, you should choose a financial institution with strict regulations and reliable customer service. All major banks in Canada offer investment accounts, but it’s also worth checking out third-party brokers for dedicated investment accounts and lower fees.