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How Do T-Bills Work? What Is the Process for Canadian Treasury Bills?



Treasury Bills are the most well-known safekeeping, especially for conservative investors.

To do that, they are issued by the government.

T-bills offer one of the lowest-risk investment products and zero chance that you can lose your money.

Here is important information about T-bills that you have to know.


When administrations need to increase equity, they, providing a 100% guarantee, supply T-bills, which the audience can easily purchase. What is more, all factors are backed by the government, regardless of the sum, you invest.

Are you a person who is interested in no refusal instant loan Canada constantly? Probably, you need urgent money. But will a loan solve your money problems forever?

What if you are a conservative investor, looking at how to save money with the lowest risk?

If this question relates to you, understanding what are Treasury bills and how they work in Canada will give you a hand.

Firstly, T-bills are good for short-term investments. Secondly, if you want to keep your money safe it will be also an excellent idea to choose T-bills, at the same time you receive little growth possibility.

How Do Treasury Bills Work in Canada?

Just imagine: you get a guaranteed rate of profitability while buying T-bills, but technically, you’re not raising interest.

Essential to know: The yield you get is the difference between what amount of money you spent to buy the T-bill and what you cash it for once it reaches maturity. But in total, all types of treasury bills are rapidly growing and have grown up 4 times since last year.

Why Are T-Bills So Well-Liked?

The main reason after reading which can be understood why T-Bills became very popular is that they are among the few money market instruments that individual investors can afford.

Treasury bills are generally issued in cash denominations such as:

  • $1,000
  • $5,000
  • $10,000
  • $25,000
  • $50,000
  • $100,000 and even $1 million.

On the other hand, Treasury bills are considered the safest investments in the world because they are supported by the federal government. They are deemed to be risk-free.

What Is the Reason Why the Government Issues Treasury Bills?

Administrations issue Treasury bills to fund their operations.

They can have a shortage of budget and need money to operate, mainly to pay public servants or to fund programs and projects.

In addition, it can be used to refinance some of their debt reaching maturity.

Fascinating fact: The rate of return offered by a Treasury bill varies according to the needs of the authority, its repayment capacity, and the central bank’s monetary policies.

How Long Will It Take for Treasury Bills to Mature?

  • Treasury bills come due when you buy them.
  • It lasts under a year in Canada.

Treasury bills have maturity dates. There is a table of them below.

  • 1 month
  • 2 month
  • 3 month
  • 6 month
  • 1 year

As an advantage, you can effortlessly resell them before their maturity, so they are a highly liquid investment.

Why Do You Need to Purchase Treasury Bills?

In other words, to buy treasury bills means to lend money to a government in exchange for an exact return. So, what benefits can you expect if you buy T-bills?

Here you can get acquainted with the list of advantages:

  • 100% guarantee: Treasury bills are among the safest investments since they are fully guaranteed by the issuing administration. In this way, if you prefer to be on the safe side, buying T-bills is your appropriate choice.
  • Suitable for novice investors: If you are only making your first investment steps and don`t understand where to invest to be on top of the situation, in the end, T-bills offer an easy-to-follow investment program.
  • Affordability: It is possible to purchase T-bills for as little as $1,000.
  • A short-term: An investment in treasury bills is a short-term investment of between a few weeks and a year. The return increases over time according to how long you hold it.

What Are the Benefits and Drawbacks of T-Bills?

However, as a rule, even something guaranteed goes with pluses and minuses. For this reason, you need to be informed about both sides.

1. Benefits of T-bills

  • Secured interest and principal.
  • Can sell at any time.
  • Available for purchase through tax-free accounts.


Treasury bills are a safe investment that allows you to obtain fixed-income securities from your portfolio. You will not be wealthy with them, but you will receive safety, and Treasury bills may balance more risky investments.

2. Drawbacks of T-bills

  • Low potential yield about equities.
  • Yields provided may not beat inflation.
  • Completely taxable if held in a taxable account.

What Are the Various Types of Treasury bills?

The term Treasury bill generally means short-term bills.

However, there are several similar investment vehicles offered by the Treasury with different maturities: Treasury notes, Treasury bills, and Treasury bonds.

  • Treasury bills: short-term investments – the expiry date shall not exceed one year.
  • Treasury notes: these are mediumterm investments – the deadline that usually offers lies between 2 and 10 years.
  • Treasury bonds: these are long-term investments – the provided maturity can range from 20 to 30 years.

Summing Up and Available Alternatives to Treasury Bills

There are a variety of alternatives to treasury bills.

Are you looking for a better yield? If your answer is yes, just look at stocks.

Diversification of your equity investments through mutual funds and ETFs provides good long-term growth and safety potential.

  • What Are Stock Market Shares?

These are marketable securities that represent a share of a corporation’s capital.

Furthermore, an investor who purchases a stock is a partial owner of the business.

Shares can be publicly traded.

Shares may be purchased through your investment profile through a broker. Stocks can outperform treasury bills thanks to dividends and capital gains in time when you resell them.

  • What Are Treasury Bonds?

Briefly speaking, Treasury bonds are redeemable debt instruments similar to Treasury Bills. Nevertheless, they have differences: T-bills offer short-term maturity, and when talking about Treasury bonds you have to grasp that they give you medium and long-term maturity.

By the way, they are also issued by the Treasury. The majority of government bonds have a fixed rate and can be redeemed at maturity.


Zacks Investment Ideas feature highlights: Alphabet, Tesla, Shopify, Amazon and Palo Alto



For Immediate Release

Chicago, IL – February 2, 2023 – Today, Zacks Investment Ideas feature highlights Alphabet GOOGL, Tesla TSLA, Shopify SHOP, Amazon AMZN and Palo Alto Networks PANW.

Which of These Stocks Has Been the Best Buy, Post-Split?

Stock splits have been a regular occurrence in the market over the last several years, with many companies aiming to boost liquidity within shares and knock down barriers for potential investors.

Of course, it’s important to remember that a split doesn’t directly impact a company’s financial standing or performance.

In 2022, several companies performed splits, including Alphabet, Tesla, Shopify, Amazon and Palo Alto Networks. Below is a chart illustrating the performance of all five stocks over the last year, with the S&P 500 blended in as a benchmark.


As we can see, PANW shares have been the best performers over the last year, the only to outperform the general market.

However, which has turned in a better performance post-split? Let’s take a closer look.


We’re all familiar with Tesla, which has revolutionized the EV (electric vehicle) industry. It’s been one of the best-performing stocks over the last decade, quickly becoming a favorite among investors.

Earlier in June of 2022, the mega-popular EV manufacturer announced that its board approved a three-for-one stock split; shares began trading on a split-adjusted basis on August 25th, 2022.

Since the split, Tesla shares have lost roughly 40% in value, widely underperforming relative to the S&P 500.

Palo Alto Networks

Palo Alto Networks offers network security solutions to enterprises, service providers, and government entities worldwide.

PANW’s three-for-one stock split in mid-September seemingly flew under the radar. The company’s shares started trading on a split-adjusted basis on September 14th, 2022.

Following the split, PANW shares have struggled to gain traction, down roughly 15% compared to the S&P 500’s 3.3% gain.


Shopify provides a multi-tenant, cloud-based, multi-channel e-commerce platform for small and medium-sized businesses.

SHOP shares started trading on a split-adjusted basis on June 29th, 2022; the company performed a 10-for-1 split.

Impressively, Shopify shares have soared for a 50% gain since the split, crushing the general market’s performance.


Alphabet has evolved from primarily being a search engine into a company with operations in cloud computing, ad-based video and music streaming, autonomous vehicles, and more.

Last February, the tech titan announced a 20-for-1 split, and investors cheered on the news – GOOGL shares climbed 7% the day following the announcement. Shares started trading on a split-adjusted basis on July 18th, 2022.

Alphabet shares have sailed through challenging waters since the split, down 10% and lagging behind the S&P 500.


Amazon has evolved into an e-commerce giant with global operations. The company also enjoys a dominant position within the cloud computing space with its Amazon Web Services (AWS) operations.

AMZN’s 20-for-1 split was a bit of a surprise, as it was the company’s first split since 1999. Shares started trading on a split-adjusted basis on June 6th, 2022.

Following the split, Amazon shares have lost roughly 18% in value, well off the general market’s performance.

Bottom Line

Stock splits are typically exciting announcements that investors can receive, with companies aiming to boost liquidity within shares.

Interestingly enough, only Shopify shares reside in the green post-split of the five listed.

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Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.


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$13 million investment in Campbellford Memorial Hospital



The Campbellford Memorial Hospital will be receiving a $13 million investment from the Ontario Government to address infrastructure concerns.

The announcement was made at the hospital by Northumberland—Peterborough South MPP David Piccini.

The $13 million is broken down as follows:

  • $9,639,900 will be going to CMH as one-time capital funding to address the HVAC and generator
  • $1,874,929 for reimbursement of CMH’s COVID-19-related capital expenses
  • $771,797 in COVID-19 incremental operating funding
  • up to $600,000 in one-time funding to support the hospital’s in-year financial and operating pressures
  • $163,600 in pandemic prevention and containment funding
  • $81,132 through the Health Infrastructure Renewal Fund
  • $46,884 in health human resources funding.

Interim President and CEO Eric Hanna welcomed the news, saying much needs to be done about the HVAC and generator.


At the announcement, Hanna spoke of the issues with the generator.

“I’ve got the wee little generator up at the lake and then I’m thinking well, everything should be going well at the hospital,” Hanna told the audience in attendance.

“You get a call from the person in charge who says, ‘Guess what Eric? Generator didn’t start. Oh, so what does that mean? There’s no power in the hospital.’  That’s happened a couple of times in the past year and the generator is over 30 years old.”

Hanna says the solution was not as easy as replacing the generator.

“You can go buy the generator and that may be about a million dollars. But then when we found out afterwards, we came to hook up the new generator to the electrical distribution system and said it won’t work with that because your electrical distribution system is 1956. You can’t plug this generator into that. So now we’re putting close to $5 million into a whole electrical distribution system so the generator will work. It’s part of that ongoing thing and that’s why these costs continue to go up.”

The HVAC system was also something addressed by Hanna.

“It’s a contract close to $7 million to replace that. This wing, for example. There’s no fresh air in this wing. It hasn’t worked in here for 15 years. So now this is administrative areas and the concern was that in some of the patient carriers, it wasn’t working either.  So – having those discussions with David (Piccini) and saying what we have to do to correct this.”


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Chile’s Enap Set to Slash Debt Burden That Weighed on Investment



(Bloomberg) — Enap, Chile’s state oil and gas company, plans to use near-record earnings to slash its debt burden, while increasing investment in its refineries and in exploration and production.

The company aims to reduce its debt load to about $3 billion “medium term” from the current $4.3 billion, Chief Executive Officer Julio Friedmann said in an interview. Plans include a bond sale in the first half of this year to refinance some securities.

The improved financial position — with 2022 profit surging to $575 million — comes after Enap’s oil and gas operations in Egypt, Ecuador and Argentina got a boost from high crude prices, while healthy international refining margins benefited plants in Chile. Those trends are expected to extend into this year and next, enabling the company to pre-pay some short-term obligations. About half of the current debt burden matures in the next three years.

“We are going to issue bonds,” the MIT-trained executive said Wednesday from the Aconcagua refinery in central Chile. “We are closely evaluating the local and international markets.”


At the same time, Friedmann, who took the reins at Enap in November, plans to increase capital expenditure to about $700 million this year from $550 million last year.

The increase comes after underinvestment in the past few years because of Covid restrictions and the heavy debt load. Spending will focus on making treatment processes cleaner and upgrading infrastructure, as well as a more aggressive approach to increasing gas reserves in the far south of the country, he said.

Gas Markets

Enap plans to expand in both liquefied petroleum gas and natural gas markets in Chile, focusing on the wholesale business and eventually selling directly to large-scale consumers such as mines. Organizational changes to enable the expansion will be announced soon. There are no plans to enter the final distribution business, Friedmann said. The company wants to supply more gas to southern cities as a way of replacing dirtier fuels such as wood and diesel.

Enap and its partners are also preparing pipelines and a refinery near Concepcion to start receiving crude from Argentina’s Neuquen basin sometime this year in an arrangement that could supply as much as 30% of its needs.

While there’s plenty of potential do collaborate more with energy-rich Argentina, particularly in the Magallanes area, that would require greater long-term visibility on supplies from the neighboring country, Friedmann said.

He sees a role for Enap in the development of green hydrogen in Chile. It’s in talks with three companies to enable its facilities in Magallanes to be used to receive all the wind turbines, electrolyzers and other equipment that will be needed to make the clean fuel. Enap is also evaluating its own small pilot plants and will consider whether to take up options to enter other green hydrogen projects as an equity partner.

While the company will maintain its focus on meeting rising demand for traditional fuels, it anticipates new regulation that will require lower emissions. It’s also looking closely at clean-fuel options for aviation, Friedmann said.

(Adds clean fuel plans in last paragraph. I previous version corrected spelling of CEO’s surname.)


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