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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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Notre Dame Cathedral Reborn: First Mass Since 2019 Fire Marks Historic Moment

 

Notre Dame Cathedral, the iconic symbol of Paris, hosted its first Mass since the devastating fire of 2019 on Sunday, December 8, 2024. The event, attended by clergy, dignitaries, and guests, marked a significant milestone in the cathedral's journey from ruin to resurrection.

Archbishop Laurent Ulrich presided over the morning Mass, which included the consecration of a new bronze altar. The liturgy was a powerful symbol of Paris' resilience and the global effort to restore one of humanity's most treasured landmarks. The cathedral's restoration, fueled by nearly $1 billion in global donations, has been a testament to extraordinary craftsmanship and unyielding determination.

The evening Mass, open to the public, saw thousands gather along the Seine to witness this historic moment from afar. The cathedral's reopening is not just a religious milestone but a moment of cultural and national unity.

President Emmanuel Macron, who vowed to restore the cathedral within five years, attended the ceremonies and called the project "a jolt of hope" for France. The restoration, despite challenges such as lead contamination and the COVID-19 pandemic, has been a remarkable achievement.

As the cathedral's great organ resounded with majestic melodies and its restored stained-glass windows projected dazzling patterns of color, Rev. Olivier Ribadeau Dumas, Notre Dame's rector, remarked, "No one alive has seen the cathedral like this. It is more than restored—it is reborn."

The path to restoration has been long and arduous, but the reopening of Notre Dame stands as a testament to the enduring spirit of Paris and the global community that came together to rebuild this historic masterpiece.



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