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

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Canada did not experience the episodes of widespread bank failure and banking panics unlike other countries such as the United States, which had deposit insurance as early as the Great Depression. As a result, the need for deposit insurance in Canada was not seen as urgent until later on.

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