Update on Student Direct Stream: Eligible Banks for the GIC Program

There's a recent Program Delivery Update by IRCC concerning the new Student Direct Stream and the Student Guaranteed Investment Certificate (GIC) Program.

Guaranteed Investment Certificate (GIC) via Canadian Imperial Bank of Commerce (CIBC)

Student Guaranteed Investment Certificate is a mandatory requirement is you are applying for student visa under the Study Direct Stream. But even if you're applying under the Regular Processing, you may also submit a GIC and it helps increase your chances of your approval.