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

Pierre Poilievre Faces Defeat in Ottawa-Area Riding Amid Federal Election Shake-Up

 

In a surprising turn of events during Canada's 2025 federal election, Conservative leader Pierre Poilievre is projected to lose his long-held seat in the Carleton riding. With two polls yet to report, Liberal candidate Bruce Fanjoy has taken the lead, marking a significant shift in the political landscape.

Poilievre, who has represented the Ottawa-area riding since 2004, faced a strong challenge from Fanjoy, whose campaign emphasized affordable housing and cost-of-living solutions. This defeat comes as a personal blow to Poilievre, who had previously secured the riding with a comfortable margin in past elections.

The broader election results indicate a Liberal victory nationwide, with Mark Carney poised to lead the government. While the Conservatives have made gains in other areas, Poilievre's loss underscores the unpredictable nature of this election.


Labels:

Comments

Post a Comment