The Canada Deposit Insurance Corporation (CDIC) is a Crown corporation established to maintain stability and public confidence in the nation's financial system.

Question

Quizplus · Accepted Answer

The statement is correct. The CDIC is a federal Crown corporation that provides deposit insurance against the loss of eligible deposits held with member institutions in the event of their failure. Its mandate is to maintain stability and public confidence in the financial system of Canada.

The Canada Deposit Insurance Corporation (CDIC) Is a Crown Corporation