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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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Ottawa presses for united front to tackle Trump’s promised tariffs

 

Ottawa is indeed pushing for a united front to tackle the tariffs promised by President-elect Donald Trump. Trump has threatened to impose a 25% tariff on all products entering the U.S. from Canada and Mexico, citing concerns over illegal immigration and drug trafficking. 

Prime Minister Justin Trudeau and the provincial premiers are working together to address this issue. Trudeau has already had discussions with Trump and plans to meet with the premiers to form a cohesive strategy. The potential impact on the Canadian economy is significant, with experts warning of catastrophic effects on various industries.

It's a tense situation, but the hope is that a united Canadian front can mitigate the potential damage. 



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