Canada Deposit Insurance Corp

79 Wellington St W
Toronto, ON M5J

The Canada Deposit Insurance Corporation (CDIC) is a government-established entity dedicated to protecting deposits in the event of bank failures. Coverage is automatic and free for individuals banking with member institutions, ensuring peace of mind for depositors across Canada.

CDIC plays a crucial role in maintaining the stability of the Canadian financial system by providing tools to resolve bank failures while safeguarding depositor interests. The organization also engages in procurement activities to meet operational needs, promoting transparency and value for money in its operations.

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