CDIC 2009 Annual Public Meeting

Ottawa, September 29, 2009. On Tuesday, October 6, the Canada Deposit Insurance Corporation (CDIC) will hold its Annual Public Meeting at the Cunard Centre in Halifax. This annual event provides CDIC with an opportunity to speak directly to Canadians about federal deposit insurance and about CDIC’s role in Canada’s financial safety net. Both the Chair of CDIC’s Board of Directors, Bryan P. Davies, and CDIC’s President and CEO, Guy Saint-Pierre, will speak at the luncheon meeting, which will run from 12:00 pm to 1:30 pm. There will also be an opportunity for media and the public to ask questions.

Meeting details:

Date: Tuesday,October 6, 2009
Time: 12:00 pm to 1:30 pm
Location: Cunard Centre, 961 Marginal Road, Halifax.

About CDIC

CDIC is a federal Crown corporation that provides deposit insurance against the loss of deposits with its member institutions in the event of their failure. Eligible deposits are automatically insured, from $1 to $100,000 per person at each member institution. As at April 30, 2008, CDIC insured $512 billion in deposits at its member institutions.  CDIC members include Canadian banks, loan companies and trust companies that take deposits, as well as retail associations governed by the Cooperative Credit Associations Act that take deposits. CDIC is funded by premiums assessed on its member institutions and does not receive federal tax dollars.

For more information about CDIC deposit insurance, visit www.cdic.ca