a. Go to www.bankofcanada.ca/rates/interest-rates/t-bill-yields/. Find the part of this page that deals with average yields for recent six-month Government of Canada treasury bill auctions. What is the interest rate for the most recently issued six-month T-bills?

b. Go to the website of your favourite bank. What is the interest rate for six-month GICs?

c. Why are the rates for six-month GICs higher than for six-month federal treasury bills?