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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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First Votes in U.S. Election Result in Trump-Harris Tie

 

In a surprising start to the U.S. presidential election, the first votes cast in the small community of Dixville Notch, New Hampshire, have resulted in a tie between former President Donald Trump and Vice President Kamala Harris. Each candidate received three votes, reflecting the incredibly close race that has been predicted by opinion polls.

Dixville Notch, known for its tradition of midnight voting, has once again kicked off Election Day with its early results. This tiny hamlet, with a population of just six, has been the first to report its results for decades. The tie underscores the intense competition between Trump and Harris as they vie for the presidency.

As the rest of the country prepares to cast their ballots, the early tie in Dixville Notch sets the stage for what promises to be a closely contested election. Both campaigns are making their final pushes to mobilize voters, with key battleground states expected to play a crucial role in determining the outcome.

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