
Should Deposit Insurance Be Raised from $100,000?
The Canada Deposit Insurance Corporation’s (CDIC) deposit protection is automatically applied when investors deposit money with a member bank or credit unions. The object is to protect depositors should a bank fail. The good news? There has not been a deposit insurance payout in almost 30 years. But now the framework is under review and both advisors and their clients may wish to weigh in, in particular because the deposit insurance limit is currently only $100,000 in specific deposit categories.The Distinguished Advisor Conference Explores Economic Resilience in Uncertain Times

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