Media Advisory: CDIC 2010 Annual Public Meeting

OTTAWA, ONTARIO--(Marketwire - Oct. 25, 2010) - On Saturday, October 30, the Canada Deposit Insurance Corporation (CDIC) will hold its Annual Public Meeting in conjunction with the ZoomerShow in Toronto. This event will provide CDIC's new President and CEO, Michele Bourque, with her first opportunity to speak directly with Canadians about the federal deposit insurance program and CDIC's role in Canada's financial safety net. Representatives from the Board of directors and the executive team will also be present at the meeting, which will run from 10:30 am to 11:30 am. There will be an opportunity for media and the public to ask questions.

Meeting details:

Date:         Saturday, October 30, 2010                                    
                                                                            
Time:         10:30 am to 11:00 am - refreshments                           
              11:00 am to 11:30 am - presentation                           
                                                                            
Location:     Direct Energy Centre, 100 Princes Blvd, CNE Grounds,          
              Exhibition Place, Toronto                                     

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. 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 entirely funded by premiums assessed on its member institutions and does not receive federal tax dollars. As at April 30, 2010, CDIC insured $602 billion in deposits at its member institutions.

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