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The Canada Deposit Insurance Corporation (CDIC): Answer was created prior to the creation of the Bank of Canada insures deposits in financial institutions like pension

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The Canada Deposit Insurance Corporation (CDIC): Answer was created prior to the creation of the Bank of Canada insures deposits in financial institutions like pension funds and brokerage firms insures deposits in commercial banks does not insure thrift institutions assumes part of the risk for finance companies that loan money to poor credit risks

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