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Canada Deposit Insurance Corporation

Canada Deposit Insurance Corporation (CDIC) is a crown corporation that promotes the stability of Canada's financial system. CDIC automatically insures many types of savings against the failure of a bank or other financial institutions, members of CDIC. The deposit insurance of CDIC does not protect against fraud, theft or scam.

Your savings will be protected up to $100 000. This protection covers, amongst others, Guaranteed Investment Certificates (GIC) with an original maturity of 5 years or less.

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