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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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Hassan Nasrallah: The Enigmatic Leader of Hezbollah

 

Hassan Nasrallah, born in Beirut in 1960, is the Secretary-General of Hezbollah, a prominent Shia Islamist militant group and political party based in Lebanon. Nasrallah joined Hezbollah in 1982, the year it was founded, and quickly rose through its ranks. He became the group’s leader in 1992 after the assassination of his predecessor, Sayyad Abbas Musawi.

Nasrallah is known for his charismatic leadership and strategic acumen, which have significantly shaped Hezbollah’s role in the Middle East. Under his leadership, Hezbollah has engaged in multiple conflicts with Israel and has been a key player in the Syrian Civil War. Despite being viewed as an extremist by Israel and the West, Nasrallah remains a highly influential figure in Lebanese politics and among Shia communities worldwide.

Nasrallah’s leadership style is marked by his ability to inspire loyalty and his adept use of media to communicate with his followers. He has rarely been seen in public in recent years due to fears of assassination, relying instead on televised speeches to maintain his presence.

Recently, reports have emerged claiming that Nasrallah was killed in an Israeli airstrike, although Hezbollah has yet to confirm these claims. If true, his death would mark a significant turning point for Hezbollah and the broader geopolitical landscape of the Middle East.


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