▲ 202 r/wisebank+2 crossposts

CDIC has released a full guide to Fintech’s and how CDIC coverage works!

https://www.cdic.ca/depositors/whats-covered/fintechs/

Saw this in the press release for Wise’s new chequing accounts.

Very informative about how CDIC coverage works in relation to Fintech’s.

Wealthsimple and Wise both fall in to the second category of “the fintech deposits your money in a trust at a member institution and names you as a beneficiary”category, if you wanted to see how CDIC coverage works with them at a more detailed level, including what happens if the fintech or bank fails depending on the category.

u/Foreign-Policy-02- — 28 days ago

Jivani and the Influencers Are Trying to Pretend People Are Upset That They Criticize the Government, When the Real Issue Is That They Side Against Canada| Poilievre demonstrated how someone can act as effective opposition while remaining patriotic. That’s not what Jivani + influencers have done.

spencerfernando.substack.com
u/Foreign-Policy-02- — 1 month ago