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What's New in 2020

Recommendation regarding the CANSIM V122515 series

On 1 October 2019, the Bank of Canada stopped publishing the monthly Chartered Bank Interest Rates, because they were simply the weekly rate of the last Wednesday of each month.  

However, since certain sections of the Supplemental Pension Plans Act and its regulations refer to the monthly rate of personal five-year term deposits with chartered banks (CANSIM V122515 series), Retraite Québec recommends using the weekly rate of the last Wednesday of each month, on personal five-year term deposits (CANSIM V80691336 series) instead of the monthly rate of the CANSIM V122515 series, until the required legislative amendments are made.

16 January 2020
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