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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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February Inflation: Consumer Prices Rise More Than Expected

 

Inflation in the United States continued its upward trend in February, surpassing expectations and raising concerns for policymakers. The Consumer Price Index (CPI), a key measure of inflation, rose 0.4% from January, in line with month-over-month expectations. However, the year-over-year increase was 3.2%, exceeding estimates of 3.1%.

Here are the key takeaways:

  1. Core CPI: Excluding food and energy costs, the core CPI increased by 3.8% year-over-year, slightly higher than the expected 3.7%.

  2. Gasoline Prices: Rising gas prices played a significant role in pushing up overall inflation. The surge in energy costs contributed to the unexpected acceleration in consumer prices.

  3. Federal Reserve Implications: The Federal Reserve closely monitors inflation data to guide its monetary policy decisions. With the latest CPI report, the central bank faces the challenge of balancing price pressures while ensuring economic stability.

  4. Market Impact: Investors are closely watching inflation trends, as they can influence interest rates and investment strategies. The unexpected rise in February’s inflation may impact market sentiment and expectations.

As the Fed’s next policy decision approaches, economists and policymakers will closely analyze this data. The question remains: Will the central bank take action to address inflationary pressures, or will it maintain its current stance? Only time will tell, but February’s CPI report provides valuable insights for investors and policymakers alike.

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