Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The Banks Are Going Down the Tubes YO Discussion

Manhattanboy · 03-14-2023, 12:11 PM

Hi question - so term deposits and CDs in Canadian banks are insured by CDIC to a maximum of $100,000 per account.

What about Canada treasury bills held in a bank-owned brokerage account?

If say TD (and its brokerage arm) was to go down, given that t-bills are debt obligations of the Government of Canada, I am assuming they are protected for full value?

03-14-2023, 12:11 PM	#92
Manhattanboy Franchise Player Join Date: May 2004 Exp:	Hi question - so term deposits and CDs in Canadian banks are insured by CDIC to a maximum of $100,000 per account. What about Canada treasury bills held in a bank-owned brokerage account? If say TD (and its brokerage arm) was to go down, given that t-bills are debt obligations of the Government of Canada, I am assuming they are protected for full value?