Skip to main content

Featured

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. ...
Post a Comment
Read more

article

Labels

Daring Rescue: Israel Frees Hostages in Hamas-Led Operation

 


In a daring operation, Israel successfully rescued four hostages who were kidnapped during a Hamas-led attack on October 7. The hostages—Noa Argamani (25), Almog Meir Jan (21), Andrey Kozlov (27), and Shlomi Ziv (40)—were freed in a complex special daytime mission in Nuseirat. The rescue took place in two separate locations within the heart of Nuseirat.

Hamas had initially abducted around 250 hostages during their attack on southern Israel. Approximately half of them were released during a weeklong cease-fire in November. However, more than 130 hostages remain, with about a quarter of them believed to be deceased. The situation has intensified divisions within Israel on the best approach to bring the remaining hostages home.

Saturday’s operation marks the largest recovery of live hostages since the war began, bringing the total number of rescued captives to seven.

Labels:

Comments

Post a Comment