VICTORY BONDS

It’s times like these where we, as Canadians, usually rise to our challenges.  Sorry, where we always rise to the challenge in front of us.

We were there at Queenston, at Chateuguay, at Ypres and Vimy.  We more than showed up for Italy and Normandy, and even Dieppe speaks to our courage in the face of overwhelming odds against, some of those odds courtesy of our friends, the British.  We fought and won the Battle of the Atlantic.

Were among the most-feared and most respected in Afghanistan, and lost over 150 good people in that demonstration of resolve.

We fought the Americans twice, in the Revolution and War of !812 and turned them back both times.  We fought the Kaiser’s army in World War 1 and earned the reputation as “shock troops” by the Germans who were always carefully aware of where the Canadians were along the front line.  We fought the best the Nazi’s had at Juno, up through Normandy and into the Low Countries, and liberated Holland before joining the Allied thrust across northern Germany.  And we chased the Taliban off of every battlefield in which they faced us.

So, in short, we’re more than up for the most recent challenge, economic war against the United States.

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MOVING FORWARD WITH A DEBENTURE

 A debenture is a financial product.  More specifically, it’s an investment product where an investor or investors lend their money out over a fixed term and containing a fixed rate in borrowing costs.  In English, that means money is lent by people who have it to people who need it, but the people who need it can’t pay it back in full or in lump sums other than the agreed upon yearly payment.  So, with a thirty year debenture, the borrower has to pay the agreed upon allotment every year for the entirety of the thirty years.

It’s good and bad for both parties, or pro and con if you like that better.  For the lender, you get steady payments every year that you can count on, and at a rate of interest that’s locked in.  So there’s some security there that the investment will continue to yield the anticipated returns.  There is no change to the interest rate and no change to the term.  And the borrower can’t pay it off early and rob you of potential earnings.  If the interest rates in general go down, your investment is protected and secure because it’s locked in at the fixed rate.

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