Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Unlike guaranteed investment certificates (GICs) or Canada Savings Bonds (CSBs), there is no guarantee the money you invest in a mutual fund will grow, or even remain intact. As mutual funds are considered “securities” and not “deposits,” the Canada Deposit Insurance Corporation (CDIC) does not insure them.
