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  • Writer's pictureZAREENJIT KAUR LALL

What Is the Canadian Deposit Insurance Corporation (CDIC)?

Canadian Deposit Insurance Corporation (CDIC) is a Canadian federal crown corporation owned by the Canadian government.


The CDIC insures Canadians’ bank deposits up to $100,000 per personal account held in member Canadian banks to protect against losses in the event that the financial institution fails.

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