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Ottawa Wants to Raise Your Deposit Insurance to $250,000: What Changes (and What Doesn’t)

  For more than 20 years, the federal guarantee on your savings has been stuck at $100,000. In Thursday's budget, Ottawa proposed to raise it to $250,000. Here is what would change, what wouldn't, and why you shouldn't move a dollar yet. Today (unchanged since 2005) $100,000 per deposit category Proposed in Budget 2026 $250,000 per deposit category What Budget 2026 actually proposes The Canada Deposit Insurance Corporation (CDIC) protects your deposits if a member bank fails. The budget proposes amendments to the CDIC Act that would do four things: Raise the limit from $100,000 to $250,000 per deposit category, the first increase in more than two decades. Remove the limit entirely for eligible deposits held in registered and tax-free accounts. Today, the limit is $100,000 per account type at each institution. Add temporary high-balance coverage for life events such as selling a home. Require a review of the deposit insurance framework every 10 years. It isn't law yet. ...
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Blinken Embarks to Middle East for Sixth Gaza Diplomacy Push


 U.S. Secretary of State Antony Blinken returns to the Middle East on Wednesday for his sixth visit since the start of Israel’s war with Hamas. His mission is to facilitate discussions for a temporary ceasefire and the release of hostages held by Hamas.

Blinken will meet Saudi leaders in Jeddah and Egyptian leaders in Cairo to discuss talks brokered by Egypt and Qatar on an agreement, as well as efforts to get more aid into Gaza. The ongoing negotiations aim to alleviate the humanitarian crisis gripping Gaza. Additionally, Blinken will engage in conversations about arrangements for governance, security, and redevelopment in post-conflict Gaza.

The war was triggered when Hamas fighters crossed into Israel on a rampage, resulting in the loss of 1,200 lives and the capture of 253 hostages according to Israeli tallies. In response, Israel launched a retaliatory onslaught, resulting in the confirmed death of nearly 32,000 people in Hamas-run Gaza, with thousands more feared lost under the rubble.

Despite multiple visits to the U.S. ally on his previous regional swings, Blinken is not scheduled to visit Israel on this trip. Tensions have escalated between U.S. President Joe Biden’s administration and the government of Israeli Prime Minister Benjamin Netanyahu, who recently rebuffed Biden’s plea to call off a planned ground assault in the southern Gaza city of Rafah, where more than a million displaced Palestinians are sheltering.

Blinken’s diplomatic efforts continue as the international community closely watches the situation unfold in the region.

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