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

Istanbul Protests Erupt Over Assassination of Hamas Leader Haniyeh


In a powerful display of solidarity, thousands of demonstrators marched through the streets of Istanbul today to protest the assassination of Hamas leader Ismail Haniyeh. The protestors, waving Turkish and Palestinian flags, voiced their outrage and grief over the killing.

Haniyeh, a key figure in Hamas’s international diplomacy, was assassinated in Tehran, an event that has escalated tensions in the Middle East and prompted threats of retaliation against Israel.

The march took place in Istanbul’s Fatih district, where participants held posters of Haniyeh and banners declaring, “Martyr Haniyeh, Jerusalem is our cause and your path is our path.” Chants of “murderer Israel, get out of Palestine” resonated through the crowd, reflecting the deep-seated anger and sorrow of the demonstrators.

Turkish President Tayyip Erdogan condemned the assassination, asserting that such actions would not deter the Palestinian struggle. The Istanbul protest is expected to be one of many in response to Haniyeh’s death, as the region braces for further unrest.



Labels:

Comments

Post a Comment