Financial Perspective – How are your assets protected?
The Canadian financial industry includes a number of mechanisms to protect your savings. Read on to find out what they are.
Trust is of prime importance in the workings of the financial world. When you deposit or invest your money, you rightly expect that it will always be there when you need it. In this respect, Canada’s highly regulated financial system is known for being very robust, and enjoys an enviable reputation throughout the world. Even so, in the very unlikely event that a Canadian financial institution were to fail, there are mechanisms in place to protect your assets.
Here’s a brief guided tour…