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It’s official: Black Friday has migrated from the U.S. into the Canadian banking sector as Laurentian Bank offers a promotional rate on GICs.
It’s official: Black Friday has migrated from the U.S. into the Canadian banking sector as Laurentian Bank offers a promotional rate on GICs.
(CHRISTINNE MUSCHI/REUTERS)

Even Laurentian jumps aboard Black Friday bandwagon

The verdict is in: we’ve jumped the shark.

At this point it barely matters that Black Friday started south of the U.S. border. Seemingly everybody in Canada wants to offer a deal, including Laurentian Bank of Canada.

The Quebec-based lender just announced details of a Black Friday sale on guaranteed investment certificates, offering Canadians elevated returns on these products. Anyone who invests in a Laurentian GIC this weekend can earn as much as 3.15 per cent if they lock the rate in for five years.