Press Releases

RRSP investment solutions tailored to investors' needs

Montreal, 27 January 2004 -

This RRSP season, the National Bank is offering high-performance investment solutions tailored to investors' needs.

For those looking first and foremost for a guaranteed capital investment that will generate a steady stream of income, the National Bank recommends the Escalarater GIC, which guarantees a return and fully protects the capital invested. Available for terms of 3 or 5 years, the Escalarater GIC offers a tiered rate of return – as much as 7.5% in the fifth year for the 5-year term.

For investors who would prefer to benefit from the potentially high returns of the stock but who do not want to risk their capital, the Bank suggests the Canadian Blue Chip Portfolio-Linked Note. The initial capital is guaranteed at maturity and the potential rate of return is unlimited. The return is based on the increase in value of a benchmark portfolio of the stocks of 20 of the largest Canadian companies. The notes are for a 7-year term, require a minimum investment of $500 and have no management fee. They can be redeemed at the Bank's option after three and a half years, in which case the rate of return will be 35%, which works out to a compound annual rate of 8.95%. After one year, the notes can also be traded on the secondary market.

The Bank also has the perfect solution for those who want to avoid spreading their assets among too many baskets. Through its Strategic Portfolios, each of which corresponds to one of six investor profiles (cautious, conservative, weighted, balanced, growth and equity), investors can benefit from potential market gains in line with their profile. The portfolios boast optimum diversification, and by closely tracking market developments, the investment experts who manage the portfolios can rebalance them twice a year to take capitalize on market opportunities. National Bank advisors use the Personalized Investment Plan to determine an investor's profile by assessing financial needs, goals and risk tolerance.

"In addition to these products, the National Bank proposes a broad range of solutions that can be tailored to anyone's profile and needs," explained Philippe Bouchard, Financial Planner and Manager of National Bank's Wealth Management services. He went on to say that "Investors have to bear in mind that, although 2003 was a year of renewed optimism in the stock markets, the previous three years were marked by a host of very different emotions. The lesson here is that investors have to devise an investment strategy that is in line with their needs and their level of risk tolerance. This is crucial for getting through the rough patches."

Investors are encouraged to meet with an advisor at any National Bank branch or to speak with an advisor through the TelNat customer service line at 1-888-835-6281. The Bank's advisors can use the tools at their disposal to prepare a personalized investment strategy for all types of investors.

About the National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. The National Bank has assets of over $82 billion and, together with its subsidiaries, employs close to 17,000 people. The Bank's securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank's website at

Information : (the telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.)


Denis Dubé
Manager, Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644