R.M. of Loon Lake No. 561 Council Meeting Minutes April 8 2026
RM invests $200,000 in one-year CIBC GIC
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Description
The R.M. of Loon Lake authorized the Administrator to invest $200,000.00 with CIBC in a one-year guaranteed investment certificate. This action places municipal funds with CIBC under a short-term investment arrangement.
Contract Details
Contract Amount
$200,000.00
Vendor
CIBC
Agency
Rural Municipality of Loon Lake No. 561, Canada
Contract Type
FINANCIAL_SERVICES
Document Date
April 8, 2026
Contract Term
One-year guaranteed investment certificate (GIC)
Renewal Info
One-year GIC; renewal or reinvestment options at maturity are not specified in the minutes.
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APPROVEDIssuing Agency
Rural Municipality of Loon Lake No. 561
Special District
Loon Lake, Canada
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