Maybe money isn't what it used to be. They will cover 100K in each
account in a "covered" bank. Trust companies, I believe, come under
"provincial" jurisdiction.
Darryl
On 10/25/2011 8:30 PM, Mike Spencer wrote:
This finance stuff exceeds my feeble mental capacity (or at least my
similarly feeble knowledge base.) The Canadian version of FDIC has a
fairly stringent limit on the amount that can be covered in an account,
$60K maybe? (I forget the exact figure.) Doesn't FDIC have something
similar?
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