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YeOldeButchere
Smoke. Peat. Delicious.


Member 246

Level 21.94

Mar 2006


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Old Oct 9, 2006, 01:01 AM #1 of 22
Originally Posted by Render
Banks in Canada are government run, thank god. This means that it's quite impossible for a bank to close unless our country's economic state were to fall right though a glass floor.
No. They're not government run, they're publicly traded corporations. They are, however, fairly tightly regulated, and extremely large and few considering the population they serve. Assuming a bank was to go bankrupt, then you'd be able to get back what you had in your account, up to a certain amount. But considering the size of the banks around here, and the fact that banks can always ask the Bank of Canada to lend them money if they're in trouble, it's extremely unlikely that any of them will go bankrupt in the near future.

Jam it back in, in the dark.
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