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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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US Futures Rise After CPI Data, Fed Signals

 

Investors are closely watching the stock market today as US futures tiptoe higher following the release of the latest Consumer Price Index (CPI) data. The Federal Reserve’s looming decision on interest rates adds to the anticipation.

Key Points:

  • CPI Snapshot: Economists expect the month-over-month Core CPI to have risen, providing insight into inflation trends.
  • Fed’s Stance: Federal Reserve Chair Jerome Powell has signaled that rate cuts are coming, despite inflation ticking up in February.
  • Market Reaction: S&P 500 futures climbed 0.3%, Nasdaq 100 futures rose 0.6%, and Dow Jones Industrial Average futures gained 0.2%.
  • Gold Surges: The gold price surpassed $2,200 an ounce for the first time.
  • Micron Technology Soars: Micron Technology shares surged as much as 18% in premarket trading due to strong demand from AI companies.

Stay tuned for further updates as the Fed’s double whammy—CPI and interest rate decisions—unfolds.


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