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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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Escalation in the Middle East: Israel Intensifies Strikes in Gaza and Lebanon Following Hamas Leader’s Death

 

In the wake of Hamas leader Yahya Sinwar’s death, Israel has significantly ramped up its military operations in both Gaza and Lebanon. Sinwar, who was believed to be the mastermind behind the October 7, 2023, attack on Israel, was killed during a routine ground patrol in Rafah.

The Israeli Defense Forces (IDF) have launched a series of airstrikes targeting Hamas positions in Gaza and Hezbollah strongholds in Lebanon. These strikes have resulted in substantial casualties and widespread destruction. In Gaza, an airstrike on Beit Lahiya killed at least 87 people, marking one of the highest death tolls from a single attack in recent months. Meanwhile, in Lebanon, Israeli airstrikes have targeted Hezbollah’s intelligence headquarters in Beirut, despite warnings from the United States to scale back the attacks.

The escalation has led to increased tensions in the region, with both sides suffering significant losses. Israeli Prime Minister Benjamin Netanyahu has vowed to continue the offensive until all hostages are returned and Hamas is fully dismantle1. The international community, including the United States, has expressed concern over the rising violence and the potential for a broader conflict.

As the situation continues to develop, the prospects for a ceasefire remain uncertain, with both Israel and Hamas showing no signs of backing down. The ongoing conflict underscores the deep-seated tensions and the complex geopolitical dynamics in the Middle East.


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