@mleaf3, I can understand your point of view and am gratified to hear of your client experience. You have little to worry about due to the nature of your relationship with a CDIC member financial institution as long as you're within insured limits. My perspective is one of facing the reality of a soured investment, not through any fault of the company but one of circumstances that are beyond their reasonable control in my opinion, though others may differ. As an equity investor for over 30 years, one thing I've learned is that denying the reality of a bad situation only leads to deeper losses. In this case I'll probably just ride it out.

As I point out in another comment, HCG GICs are currently offered at such a large premium over other financial institutions that it's a no-brainer as far as I'm concerned, even if the company does eventually fail. However, I sit much higher on the acceptable risk spectrum than most and do not buy GICs so take that for what it's worth (i.e. not much!).