I would suggest don't go with TD this time. The reasons are:
1. The TD-WH can't trade GICs. The market situation like now, other trading account is not protected by the GDIC. That means if TD-WH fails, all your money including the cash and bond will be gone with the wind.
Yes, banks depsoits are covered by CDIC.I remembered the TD-WH is the member of CIPF. This means if TD-WH bankrupt, CIPF shoud cover $1million of your loss.
I am not sure if it is right. Any comments?
In addition, I think you mean CDIC --Canada Deposit Insurance Corporation
I remembered the TD-WH is the member of CIPF. This means if TD-WH bankrupt, CIPF shoud cover $1million of your loss.
I am not sure if it is right. Any comments?
In addition, I think you mean CDIC --Canada Deposit Insurance Corporation
I would suggest don't go with TD this time. The reasons are:
2. TD's trading account is not directly assocated with your bank saving account. That means if you have cash in the TD-WH account, you don't gain any interest.