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Canada Deposit Insurance Corporation
The Canada Deposit Insurance Corporation (CDIC; ) is a Canadian federal Crown Corporation created by Parliament in 1967 to provide deposit insurance to depositors in Canadian commercial banks and savings institutions. CDIC insures Canadians' deposits held at Canadian banks (and other member institutions) up to C$100,000 in case of a bank failure. CDIC automatically insures many types of savings against the failure of a financial institution. However, the bank must be a CDIC member and not all savings are insured. CDIC is also Canada's resolution authority for banks, federally regulated credit unions, trust and loan companies as well as associations governed by the ''Cooperative Credit Associations Act'' that take deposits. History The Canada Deposit Insurance Corporation was created 4 March 1967 (under Schedule III, Part 1 of the '' Financial Administration Act'' and ''Canada Deposit Insurance Corporation Act''). It is similar to the Federal Deposit Insurance Corporation i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Canada
The Government of Canada (), formally His Majesty's Government (), is the body responsible for the federation, federal administration of Canada. The term ''Government of Canada'' refers specifically to the executive, which includes Minister of the Crown, ministers of the Crown (together in Cabinet of Canada, the Cabinet) and the Public Service of Canada, federal civil service (whom the Cabinet direct); it is Federal Identity Program, corporately branded as the ''Government of Canada''. There are over 100 departments and agencies, as well as over 300,000 persons employed in the Government of Canada. These institutions carry out the programs and enforce the laws established by the Parliament of Canada. The Structure of the Canadian federal government, federal government's organization and structure was established at Canadian Confederation, Confederation, through the ''Constitution Act, 1867'', wherein the Canadian Crown acts as the core, or "the most basic building block", of its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
