@qoheleth1 https://www.wealthsimple.com/en-ca/legal/legal-disclaimers#:~:text=Wealthsimple%20Cash&text=The%20funds%20you%20add%20to,of%20a%20member%20institution's%20failure.
In short, a very safe place to hold your cash. A partner with CDIC. Also a VC of power group: great westlife and Canada...