Re: Oaken Financial/George V's question.  

Given that Home Capital Group (Oaken's parent) has a sound mortgage business it appears that the financial "crisis"/run on the bank that Home is experiencing is a classic case of crowd psychology fuelled in large part by the media -- quite the vicious cycle.

George, there is absolutely nothing to fear with Oaken GICs as, like any other CDIC member institution, Oaken GICs are 100% protected if you stay within CDIC limits.
 
I hope you and your wife make your decision based on logic, not fear.  The GIC rates at Oaken are the best!