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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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Trump Administration Expands Expedited Deportations Nationwide

The Trump administration has announced a significant expansion of the "expedited removal" policy, which allows for the swift deportation of undocumented immigrants who cannot prove they have lived in the U.S. continuously for two years or more. Previously limited to areas near the southern border, this policy can now be applied anywhere in the country.

The Department of Homeland Security (DHS) stated that this change aims to enhance national security and public safety while reducing government costs. The policy, which took effect on January 21, 2025, is part of a broader crackdown on immigration initiated by President Trump.

Critics argue that the expanded policy could lead to wrongful deportations and legal challenges. Until now, undocumented immigrants detained in the U.S. were given a notice to appear in immigration court, where they could present their case for asylum. The new policy bypasses this process, allowing for immediate deportation if the individual cannot prove their continuous residence in the U.S. for the required period.

The Trump administration has also rescinded guidelines that prevented immigration officers from making arrests in sensitive areas such as schools and churches. This move has raised concerns among immigrant communities and advocacy groups, who fear increased enforcement actions and potential abuses of power.

As the policy takes effect, it remains to be seen how it will impact the lives of undocumented immigrants and the broader immigration landscape in the United States.

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