Canada Deposit Insurance Corporation Article Index for
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Information About

Canada Deposit Insurance Corporation
  CATEGORIES ABOUT CANADA DEPOSIT INSURANCE CORPORATION
   
banks of canada
   
1967 establishments
   
companies based in ottawa
   
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Created in 1967 (under Schedule III, Part 1 of the Financial Administration Act and Canada Deposit Insurance Corporation Act), it is similar to the Federal Deposit Insurance Corporation in the United States. Since 1967 , 43 financial institutions have failed in Canada and all 43 were members of CDIC. There have been no failures since 1996 .


LIST OF FINANCIAL COLLAPSES SINCE 1967

  • Commonwealth Trust Company 1970

  • Security Trust Company Limited 1972

  • Astra Trust Company 1980

  • District Trust Company 1982

  • AMIC Mortgage Investment Corporation 1983

  • Crown Trust Company 1983

  • Fidelity Trust Company 1983

  • Greymac Mortgage Corporation 1983

  • Greymac Trust Company 1983

  • Seaway Mortgage Corporation 1983

  • Seaway Trust Company 1983

  • Northguard Mortgage Corporation 1984

  • CCB Mortgage Investment Corporation 1985

  • Canadian Commercial Bank 1985

  • Continental Trust Company 1985

  • London Loan Limited 1985

  • Northland Bank 1985

  • Pioneer Trust Company 1985

  • Western Capital Trust Company 1985

  • Bank Of British Columbia 1986

  • Bank of British Columbia Mortgage Corporation 1986

  • Columbia Trust Company 1986

  • North West Trust Company 1987

  • Principal Savings & Trust Company 1987

  • Financial Trust Company 1988

  • Settlers Savings and Mortgage Corporation 1990

  • Bank of Credit and Commerce Canada 1991

  • Saskatchewan Trust Company 1991

  • Standard Loan Company 1991

  • Standard Trust Company 1991

  • Shoppers Trust Company 1992

  • Central Guaranty Mortgage Corporation 1992

  • Central Guaranty Trust Company 1992

  • First City Trust Company 1992

  • First City Mortgage Company 1992

  • Dominion Trust Company 1993

  • Prenor Trust Company of Canada 1993

  • Confederation Trust Company 1994

  • Monarch Trust Company 1994

  • Income Trust Company 1995

  • North American Trust Company 1995

  • NAL Mortgage Company 1995

  • Security Home Mortgage Corporation 1996



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