The Canada Deposit Insurance Corporation (CDIC) celebrated its 45th anniversary today by launching its official bilingual Twitter profile, @CDIC_SADC, to engage directly with Canadians for real-time updates and information on deposit insurance and to help spread awareness of deposit insurance.
“We are thrilled to celebrate our 45th anniversary with the launch of CDIC’s official Twitter profile today. Protecting Canadians’ deposits is a responsibility we take very seriously, and part of that responsibility is to ensure that Canadians are aware of CDIC’s coverage,” said CDIC’s President and CEO, Michèle Bourque. “Twitter is a rapidly growing platform used by more and more people every day. CDIC is always looking for new ways to connect with Canadians to inform them about our programs.”
CDIC was created by Parliament in 1967 to protect Canadians’ deposits at member institutions in the event of an institution failure. Since then, CDIC has dealt with 43 member institution failures and protected close to $26 billion in deposits held by some 2 million Canadians. CDIC insures in excess of $600 billion in deposits at 83 member institutions.