Latest / How Canadian Markets Work
Episode 17: Deposit Insurance and the Shared Charter Trap
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Episode Summary John and Jane tackle the plumbing of banking safety nets, focusing on the Canada Deposit Insurance Corporation (CDIC). Jane notes that many "careful" savers mistakenly believe splitting their money across different brand names guarantees safety. Instead, they fall into the shared charter trap, exposing their hard-earned savings. The hosts demystify how CDIC categories actually work, detail exactly what is and isn't covered, and explain how provincial credit union limits…
The skinny
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