What is ‘Canada Premium Bond – CPB’
A debt instrument issued by the Bank of Canada that offers a higher interest rate than a Canada Savings Bond (CSB) with the same issuance date.
Explaining ‘Canada Premium Bond – CPB’
While a Canada Savings Bond is redeemable at any time, a Canada Premium Bond is redeemable once a year. It must be redeemed either on the anniversary of the issue date or within 30 days of it.
Further Reading
- Fiscal rules: Theoretical issues and historical experiences – www.nber.org [PDF]
- Public debt overhangs: advanced-economy episodes since 1800 – www.aeaweb.org [PDF]
- Understanding financial crisis through accounting models – www.sciencedirect.com [PDF]
- Measuring and explaining competition in the financial sector – dspace.library.uu.nl [PDF]
- Using financial indicators to predict turning points in the business cycle: The case of the leading economic index for the United States – www.sciencedirect.com [PDF]
- Competition and efficiency in the Dutch life insurance industry – www.tandfonline.com [PDF]
- Y2K options and the liquidity premium in treasury bond markets – www.econstor.eu [PDF]
