On May 1, the balance of the company's high-interest savings accounts stood at $324.1 million. Back in late March, the company's balance of those accounts stood at about $2 billion. Meanwhile, the balance of the company's Guaranteed Investment Certificate (GIC) deposits stood at approximately $12.44 billion, while deposits at its Oaken Financial subsidiary stood at $151 million, both down slightly from Thursday. The company was forced to secure the line of credit after clients began making big withdrawals from its high-interest savings accounts. Home Capital uses fund from the deposits for its mortgage lending, prompting worries over the company's financial situation as clients pulled out their money.

Source: CBC News May 15, 2017 16:00 UTC