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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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Israeli Airstrikes in Beirut Kill 15 as Diplomatic Efforts for Cease-Fire Intensify

 

At least 15 people were killed and dozens injured following Israeli airstrikes in central Beirut, marking one of the most severe escalations in the ongoing conflict between Israel and Hezbollah. The strikes targeted what Israeli authorities described as Hezbollah command centers and weapons depots, though the attacks also caused extensive damage to residential areas.

The bombardment comes amid heightened tensions along the Israel-Lebanon border, with Hezbollah increasing its rocket attacks into northern Israel in solidarity with Hamas. Lebanese officials condemned the strikes as a violation of sovereignty and accused Israel of targeting civilian infrastructure.

As the violence escalates, international diplomats, including representatives from the United Nations and the United States, are intensifying efforts to broker a cease-fire. “The situation is spiraling out of control, and we urge all parties to exercise maximum restraint,” said UN Secretary-General António Guterres in a statement.

Humanitarian organizations have raised alarm over the deteriorating conditions for civilians in Beirut, where thousands are now displaced. Calls for a humanitarian corridor to deliver aid and evacuate vulnerable populations are growing louder as the conflict risks spilling over into a broader regional war.


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