So, if investment products (stocks, GIC's longer than 5 years, bonds, etc.) are not covered by CDIC, does that mean that a bank could seize them to pay off any debts in case of bankruptcy? (Or is that not an issue because they are actually in the stock owner's name, not the bank's name?)
Can an American have an account covered by the CDIC and can a Canadian have an American account covered by the FDIC without being a resident/citizen in that country?
How easy is it to open an account in the opposite country?