The Financial Post reports in its Saturday, July 26, edition that the federal government's proposal to raise bank deposit insurance coverage in Canada to $150,000 aims to protect depositors in case of failure. The Post's Naimul Karim wonders, however, if that is enough. Ottawa released a consultation paper on Tuesday aiming to get feedback from "interested Canadians and stakeholders" on a range of proposals to do with deposit insurance. Currently, the amount of money that Canadians can get back if a bank shuts down is limited to $100,000 per category of deposit. This is guaranteed by the Canada Deposit Insurance Corp., a Crown corporation established in 1967. Ottawa is now mulling increasing the insured limit to $150,000 and providing even higher coverage for businesses and other non-retail investors. Increasing the deposits could boost confidence and potentially lower the risk of bank runs, the paper noted. The paper outlines five proposals, including raising the insurance limit to $150,000 and considering higher insurance of $500,000 for non-retail depositors like corporations and municipalities. It notes that the current framework treats all depositors the same, despite differing needs.