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I have deposits at both Canadian Western Bank and Canadian Western Trust. Are they protected separately by CDIC?

April 26, 2017Bank Canadian cdic deposits protected separately Trust Western

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I have deposits at both Canadian Western Bank and Canadian Western Trust. Are they protected separately by CDIC?

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A. Yes, Canadian Western Trust is a wholly owned subsidiary of Canadian Western Bank and is considered a separate and distinct entity for purposes of CDIC coverage. Deposits can be booked through any Canadian Western Bank retail branch.