Summary of the Corporate Plan 2024-2025 to 2028-2029 - CDIC

__Executive summary__ As Canada’s federal deposit insurer and resolution authority, CDIC operates in a rapidly changing and complex environment. Canada’s economy is facing global and domestic headwinds, such as tighter monetary policy, higher interest rates, geo-political tensions, and lower housing affordability. Canadian businesses continue to navigate an uncertain operating environment with elevated input and borrowing costs. People in Canada are feeling the impacts every day. Overall, CDIC members are in stable financial condition. Although the 2023 bank failures in the United States and Switzerland were contained to those countries, these events underscored the importance of continued vigilance in regulatory oversight and supervision. They also reaffirmed the value of resolution planning and testing so CDIC can respond quickly to a variety of crisis scenarios and possible shocks to financial system stability. Moreover, they highlighted the importance of promoting public awareness of deposit insurance, which protects depositors and contributes to financial stability. Every year, new financial products, services, providers, and transaction channels are launched. This presents…

Publisher

Canada Deposit Insurance Corporation

Resources

2

Updated

2024-11-20