Talk:Deposit insurance

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Changes to modernize and strengthen CDIC deposit protection now in effect

On April 30, 2020 "Changes to modernize and strengthen CDIC deposit protection now in effect". cdic.ca. went into effect. Changes include:

  • Expanded coverage of eligible deposits held in foreign currencies;
  • Extended coverage of eligible deposits with terms greater than 5 years;
  • The elimination of coverage for travelers’ cheques (which are no longer issued by CDIC member institutions).

This article doesn't specifically mention the coverage limits but maybe it should. --Peculiar Investor 16:29, 29 June 2020 (MDT)

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