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Are your bank deposits protected?

U.S., European bank failures raise anxiety level Are your bank deposits safe? Will deposit insurance protect you if a Canadian bank runs into trouble? It’s a question many people are asking, given the recent run of high-profile bank failures in the U.S. and...


Your RRSP is not insured against loss

Caution: CDIC covers cash deposits and not much else The term “Registered Retirement Savings Plan” conjures up all sorts of visions of guarantees and “official” protection against loss. After all, it’s “registered,” isn’t it? Actually, investments held in your RRSP...

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