Canada Deposit Insurance Corporation Act

Marginal note:Objects

7 The objects of the Corporation are

• (a) to provide insurance against the loss of part or all of deposits;

• (b) to promote and otherwise contribute to the stability of the financial system in Canada;

• (c) to pursue the objects set out in paragraphs (a) and (b) for the benefit of persons having deposits with member institutions and in such manner as will minimize the exposure of the Corporation to loss; and

• (d) to act as the resolution authority for its members.