The Founding of the Canada Deposit Insurance Corporation (CDIC)was Much

The founding of the Canada Deposit Insurance Corporation (CDIC) was much later than deposit insurance arrangements in other countries because

A) Canada's banking system started so much later.
B) Canada did not experience the episodes of widespread bank failure and banking panics.
C) Canada had a weak reactive government.
D) Canadian banks are so much smaller.
E) Canadian banks are relatively large and well diversified geographically.