Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Tanya van Biesen to the Board of Directors of the Canada Deposit Insurance Corporation (CDIC) for a 4-year term.
Quick Facts
- CDIC is a federal Crown corporation that provides deposit insurance of up to $100,000 for each of nine insured account categories at each CDIC member institution. Members include banks, federally regulated credit unions, as well as loan and trust companies. CDIC is also the resolution authority for its member institutions.
- CDIC deposit insurance fully covers approximately 97 per cent of all eligible deposit accounts at member institutions.