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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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Global Markets in Turmoil: Trump's Tariffs Shake Wall Street

 

Wall Street faced a dramatic downturn on Monday, following President Donald Trump's announcement of sweeping tariffs on imports. The move has sent shockwaves through global markets, with major indices in Europe, Asia, and North America experiencing significant losses. The S&P 500, Dow Jones Industrial Average, and Nasdaq all saw sharp declines, reflecting investor fears of slowed economic growth and rising inflation.

Trump's tariffs, ranging from 10% to 50%, have sparked concerns about a potential recession and disrupted international trade. Economists warn that these measures could reduce U.S. economic growth by two percentage points this year while pushing inflation close to 5%. The ripple effects are being felt worldwide, with oil prices dipping below $60 per barrel and stock markets in Germany, France, and Japan also suffering heavy losses.

As markets brace for further instability, the global economic landscape remains uncertain. Investors and businesses alike are watching closely to see how these tariffs will reshape trade dynamics and impact financial stability.

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