The Toronto-based fintech said the offering will be available to retail consumers by the end of the week. Typically, if Canadians want more than $100,000 in coverage from the Canadian Deposit Insurance Corp. (CDIC) on their cash, they themselves have to open multiple bank accounts with CDIC member institutions or pay a deposit broker or wealth manager to spread out their money, said Paul Teshima, chief client experience officer at Wealthsimple. (The Logic)
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