What was created to ensure confidence in banks?

Anonymous

∙ 15y ago

Updated: 8/17/2019

In Canada, the CDIC (Canadian Deposit Insurance Corporation), a Federal Crown Corporation, guarantees deposits up to $100,000.00 per person placed in chartered banks and trust companies, to instill confidence in the public that the funds are safe when invested this way.

Wiki User

∙ 15y ago

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