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

Moscow Warns U.S. Over Ukraine’s Use of Long-Range Weapons

 

In a significant escalation of tensions, Moscow has issued a stern warning to the United States following President Joe Biden’s authorization for Ukraine to use long-range ATACMS missiles to strike targets inside Russia. This decision marks a notable shift in U.S. policy, allowing Ukraine to extend its military reach beyond its borders.

The move comes amid ongoing conflict and heightened geopolitical tensions, with Russia expressing grave concerns over what it perceives as a direct threat to its national security. Russian officials have cautioned that this authorization could lead to a broader conflict, potentially drawing NATO into a more direct confrontation with Russia.

The U.S. decision follows extensive lobbying by Ukrainian officials, who argue that the ability to target strategic locations within Russia is crucial for their defense efforts. The authorization is seen as a response to recent developments, including North Korea’s reported support for Russia by sending troops to the region.

Ukrainian President Volodymyr Zelenskyy has remained measured in his public statements, emphasizing that actions will speak louder than words. Meanwhile, the international community watches closely, concerned about the potential for further escalation in an already volatile situation.


Labels:

Comments

Post a Comment