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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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Nikki Haley Suspends Presidential Campaign, Paving the Way for Trump-Biden Rematch

 

Former U.S. Ambassador to the United Nations, Nikki Haley, has made a significant decision that will shape the upcoming U.S. presidential election. On Wednesday, Haley announced her suspension of the presidential campaign, effectively ensuring that Donald Trump will secure the Republican nomination. This development sets the stage for a high-stakes rematch between Trump and Democratic President Joe Biden in November.

Haley’s campaign suspension comes on the heels of Super Tuesday, during which Trump emerged victorious in 14 out of 15 Republican nominating contests. Although Haley outlasted other Republican challengers, she never posed a serious threat to the former president. Trump’s iron grip on the party’s base remained unshaken, despite facing multiple criminal indictments.

Nikki Haley garnered support from deep-pocketed donors who aimed to prevent Trump from securing a third consecutive Republican presidential nomination. Her strong performances in debates—performances that Trump chose to skip—highlighted her appeal to moderate Republicans and independent voters. Notably, she secured almost 40% of the vote in South Carolina and won unaffiliated voters by a wide margin in New Hampshire.

The impending rematch between Trump (77 years old) and Biden (81 years old) marks the first repeat U.S. presidential contest since 1956. However, it’s a contest that few Americans desire. Both candidates face low approval ratings among voters, and the election promises to deepen the existing political polarization in the country.

Biden portrays Trump as an existential threat to democratic principles, while Trump continues to re-litigate his false claims of victory in the 2020 election. As the nation braces for this divisive showdown, the question remains: Can either candidate bridge the gap and unite a fractured electorate?

In the end, Nikki Haley’s decision to step aside clears the path for a Trump-Biden rematch—one that will undoubtedly capture the attention of the entire nation.


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