
The CDIC claims that they will insure your saving for up to $100, 000. That's all fine and dandy, but consider what happens if the CDIC goes bankrupt; how on earth can they honor this claim if there's major bank failure? Even if they're not bankrupt, what will likely happen is that when there is a bank failure, the dollar will only be worth about 5% of its normal value so in essence, you're only going to get about $2000 dollars on your $100, 000 dollar savings.





