I Hope this description helps someone in the next few days.
Not certain how things work in Canada, this is just a quick FYI regarding the U.S.
Due to the developing banking crisis here in the U.S., seems like alot cash will be moved out of Money Market funds and into US treasuries soon. This was already happening due to short term rates rising, but seems like the shift may get kicked into high gear.
I thought it might be helpful for the "Penny" slot players (Like me) with a few bucks in a money market account to understand there is a difference between Money Market Accounts vs. Money Market Funds.
None of this applies to Kasking, as he keeps the bulk of his wealth in beef cows, prized Bull studs, and the occasional bull semen arbitrage :-)
https://www.consumerfinance.gov/ask-cfpb/is-a-money-market-account-insured-en-1007/
"Is a money market account insured?
Yes. Like other deposit accounts, money market accounts are insured by the FDIC and NCUA up to $250,000 for each account holder.
Money market mutual funds, however, are not federally insured. These are offered by brokers and other entities that are not banks or credit unions.
If you have multiple accounts with a bank or credit union, talk to your bank or credit union to confirm your coverage."
Good luck out there,
Nukester