Money Market Instruments

Optimize your investment funds

Choose from a variety of options including Government of Canada Treasury Bills, Banker's Acceptances, Bank Deposit Notes, Commercial/Financial Paper, and Money Market GICs

Government of Canada Treasury Bills

Short-term fixed income securities issued by the Government of Canada

Low risk investment

  • Safest Canadian short-term investment
  • Direct obligation of the Government of Canada
  • Meets most investment policy guidelines

Highly liquid

  • Active trading market
  • Available in 1, 2, 3, 6 month(s) and 1 year terms

Return

  • Sold on a discount basis
  • Return is difference between the purchase price and the maturity value

Investment Requirement

  • Minimum initial investment is $25,000 and subsequent investments in multiples of $1,000

For more information please contact us.

Provincial Government Treasury Bills & Promissory Notes

Short-term fixed income securities issued by any of Canada's provinces

Low risk investment

  • Guaranteed by issuing provincial government
  • Meets most investment policy guidelines
  • Highly liquid with active trading market

Return

  • Sold on a discount basis
  • Return is difference between the purchase price and maturity value

Investment Requirement

  • T-bills: minimum initial investment of $25,000 and subsequent investments in multiples of $1,000
  • Promissory Notes: Minimum initial investment of $100,000 and subsequent investments in multiples of $1,000

For more information please contact us.

Banker's Acceptances (BA)

Bill of exchange or commercial draft issued by a borrower (usually a corporation), guaranteed by the borrower's bank for payment on a specified date

Return

  • Sold on a discount basis
  • Return is difference between the purchase price and maturity value

Highly Liquid with active trading market

  • Majority with maturity of 90 days or less, but can be issued for 1 to 365 days
  • Limited market inventory

Investment Requirement

  • Minimum initial investment is $25,000 and subsequent investments in multiples of $1,000

For more information please contact us.

Smooth Succession Planning

Short-term deposit notes issued directly by a bank for their own funding purposes

Key Benefits

  • Direct obligation of the issuing bank
  • Issuing bank credit quality
  • Meets most investment policy guidelines

Return

  • Sold on a discount basis
  • Return to the investor is the difference between the purchase price and the maturity value

Liquidity and Investment Time Frame

  • Highly liquid with active trading market
  • Maximum maturity of 365 days

Investment Requirement

  • Minimum investment of $5 million

For more information please contact us.

Commercial/Financial Paper

Unsecured, negotiable promissory note issued by a corporation for short term funding

Return

  • Sold on a discount basis
  • Return is difference between the purchase price and maturity value

Investment Requirement

  • Minimum initial investment of $50,000 and subsequent investments in multiples of $1,000

Liquidity and Investment Time Frame

  • Liquidity varies based on issuer's credit rating
  • Usually issued with a maturity of 90 days or less, maximum maturity 365 days

For more information please contact us.

Scotiabank Money Market GIC

Deposit instrument offered by Scotiabank Financial Group guaranteeing principal investment and predetermined rate of interest for a stated term

Key Benefits

  • Direct obligation of Scotiabank Financial Group
  • CDIC insured*
  • Meets most investment policy guidelines

Return

  • Guaranteed principal with interest paid at maturity

Liquidity and Investment Time Frame

  • Non-tradable, no secondary market
  • Fixed term, early redemption penalty
  • Standard term of 30, 60 and 90 days

Investment Requirement

  • Minimum $5 million

For more information please contact us.