Why does CDIC insure until $100K, when DICO insures until $250K? Please unravel this incongruity?

[mike125mike]

As at July 21 2023,

DICO [Deposit Insurance Corporation of Ontario] insures deposits up to $250,000.

We CDIC insure eligible deposits at each member institution up to a maximum of $100,000 (principal and interest combined) per depositor per insured category.

[h4]https://money.stackexchange.com/q/102669[/h4]

 

[funuelouis]

@mike125mike Banks under CDIC won't fail due to our over regulations and minimal competition. CU on the other hand are small and can easily fail under the right conditions.