Many people are worried about their investments right now. Which led to one reader wondering if Canada Deposit Insurance Corporation (CDIC) covers investments.
NSSC Blog: Before You Invest
During these turbulent economic times there have been some big shifts in the markets which have led exchanges to use circuit breakers. But what are circuit breakers and when are they used?
We spent the last few weeks talking about LIRAs and LIFs. That left readers wondering about how they can access the funds in a locked-in retirement account. The word “locked-in” in the name tell that your money can’t simply be withdrawn whenever you want. However, there are a few specific situations in which you are allowed to unlock a locked-in retirement account.
A LIRA is a locked-in retirement account. It is an account which holds locked-in pension funds for former registered pension plan members.
March is Fraud Prevention Month. The Commission will debut four new Fraud Prevention animated videos during the month. Each video will highlight a specific type of investment scam and will showcase scenarios in which our investor John is defrauded and the warning signs he could have recognized. A new video will be posted every Friday throughout March.
Last week we started our look at mutual funds’ series with Series A funds and Series B &C funds. This week we continue with a look at Series D mutual funds. As we noted last week, while the series we are highlighting are the most common types of mutual funds series offered by investment firms, there is no standard by which investment firms must use letter designations for specific mutual fund classes.