Quote:
Originally Posted by CroFlames
Where should we put our money?
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If you have <$100K in cash, any CDIC insured institution should be sufficient. If you have more, split it into multiple types of accounts or into another institution. The CDIC is backed by the full faith and credit of the Canadian Government so depositors within the $100K limit will get their money no matter what.
It's shareholders that get wiped out in a bank failure.