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The Canada Deposit Insurance Corporation ( CDIC ) : was created prior to the creation of the Bank of Canada insures deposits in financial institutions
The Canada Deposit Insurance Corporation CDIC:
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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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
2nd International Edition
0071287728, 9780071287722
