Bank deposits in Alberta would stay protected by deposit insurance after independence.
Claimed by: Reassurance offered in separation debates
Needs context: Accurate as written, but a key piece of context changes how it reads. How we rate.
Summary
Deposit insurance in Canada comes from the Canada Deposit Insurance Corporation, a federal body that insures eligible deposits at member banks up to set limits. It is a federal institution, so an independent Alberta would need to build its own deposit-insurance system from scratch or negotiate some form of continued coverage. Deposits would not simply disappear during a transition, but the long-term guarantee that backs confidence in the banking system would have to be rebuilt, and the details are unresolved.
Evidence
CDIC is a federal body that insures eligible deposits at member banks, so an independent Alberta would need to build its own equivalent from scratch or negotiate continued membership.