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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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Pope Francis Sustains Another Injury: Falls and Bruises Raise Concerns

 

Pope Francis has once again fallen, this time injuring his right arm. The 88-year-old pontiff was treated at his Vatican residence, the Santa Marta House, where he was found with a bruised forearm. While the injury is not severe and no fractures were reported, the arm has been immobilized as a precautionary measure.

This recent fall follows another incident on December 7, 2024, when Pope Francis hit his chin on a nightstand, resulting in a noticeable bruise. Despite these health challenges, the Pope has continued to maintain his busy schedule, attending various audiences and events.

Pope Francis has faced ongoing mobility issues, often relying on a wheelchair, cane, or walker to move around. His resilience and determination to carry out his duties despite his age and health concerns have been widely noted.

The Vatican has assured the public that the Pope is in stable condition and that there are no changes to his public schedule. However, these recent falls have raised concerns about his overall health and the physical demands of his role.

As the world watches, many are hoping for the Pope's swift recovery and continued strength in leading the Catholic Church.




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