Mutual fund investments such as a money market fund are guaranteed by the CDIC.

Name: Mutual fund investments such as a money market fund are guaranteed by the CDIC.
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Mutual fund investments, including money market funds, are not guaranteed by the Canada Deposit Insurance Corporation (CDIC). The CDIC only guarantees deposits in savings accounts, chequing accounts, and GICs up to a certain amount. Mutual fund investments are subject to market risk and are not insured or guaranteed by any agency.

Mutual Fund Investments Such as a Money Market Fund Are