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Canadian Deposit Insurance Critics Question CDIC Protections
A Winnipeg Investors Group column argues CDIC and Quebec boards shield risky banks and trust firms by offering up to 420000 in insured deposits per couple per institution. It notes RRSP and RRIF coverage plus joint accounts inflate protection and reduce prudent scrutiny.
MENTIONED IN THIS ARTICLE
Canada Deposit Insurance Corporation
Quebec
CDIC
Standard Trust Company
First City Trust Company
Vancouver
Quebec Deposit Insurance Board
Big Brother
Ottawa