What Happens When a Bank Fails in Canada?

Banking Crisis

In this video, I explain what led to the Silicon Valley Bank Failure and if a bank failure can also happen in Canada. I go over what happens when a bank fails in Canada and if customers’ money is protected if a bank fails in Canada. I also explain what deposit insurance is and Canada Deposit Insurance Corporation’s role when a bank fails in Canada.

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Disclaimer: Information and content presented in this video are for educational purposes only. Information and content should not be taken as financial or mortgage advice.

 

 

 

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