Question by  shiveedee (15)

How safe is it to purchase a Canadian money market from TD bank of Canada?

I am interested in purchasing a money market in Canada in the name of my children but want to ensure the bank is stable.


Answer by  elecstorm83 (167)

Since TD Bank owns TD ameritrade, they are safe. Their investments are publicly traded, this one is probably a safe bet for two reasons: it is widely know, and, it's a money market account. Those are safe. Generally money market accounts are very low risk, and since Canada has been fairly safe, you're all set.


Answer by  tamarawilhite (17883)

TD bank of Canada is relatively stable. Canadian banks did not offer low and no document loans or many high risk loans as US banks did.

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