Fixed income investment describes a group of investments that provide a fixed-rate return for a set period of time with principal protection and potential for a higher rate of return.
Government and Corporate Bonds
Through TD Direct Investing, you can buy and sell a variety of Government of Canada, provincial government and corporate bonds as new issues or on the secondary market, in denominations as low as $5,000. We also offer strip bonds, zero coupon bonds, new issues, municipals, Eurobonds, U.S. bonds and U.S. Treasuries. Provincial Savings Bonds are offered during campaign periods.
Learn more about Government and Corporate Bonds
National Housing Act Mortgage-Backed Securities
NHA (National Housing Act) Mortgage-Backed Securities (MBS) are guaranteed by the Canada Mortgage and Housing Corporation (CMHC); a crown corporation whose obligations and guarantees represents a direct obligation of the Government of Canada. As such, NHA MBS offer investors safety, liquidity, competitive yields and the convenience of monthly income.
Learn more about National Housing Act Mortgage-Backed Securities
Commercial Mortgage-Backed Securities
Commercial Mortgage-Backed Securities (CMBS) are a type of mortgage-backed security on commercial rather than residential real estate. Unlike the mortgages backing a NHA MBS, the underlying commercial mortgages in a CMBS are not guaranteed.
Learn more about Commercial Mortgage-Backed Securities
Money Market Instruments
Money Market instruments connect investors who want to earn competitive rates on their investments with governments and companies that need short-term financing. Money market instruments are short-term promissory notes, much like an “IOU” which matures from 1 to 18 months. They include Government of Canada and Provincial treasury bills (T-Bills), banker’s acceptances and commercial paper. Available through WebBroker, the Fixed Income Centre allows you to buy and sell bonds, mortgage-backed securities and money market securities online.
Learn more about Money Market Instruments
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