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What Is the Canadian Deposit Insurance Corporation (CDIC)?

  • Writer: ZAREENJIT KAUR LALL
    ZAREENJIT KAUR LALL
  • Feb 10, 2020
  • 1 min read

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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