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5 Things Every Canadian Should Know About Their Money Today

From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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Stock Market today, August 23, 2023: Surging Optimism Sweeps US Stock Markets: S&P Composite and Market-wide Gains



S&P Composite Index Surges Nearly 200 Points: Echoes of Confidence

In a remarkable surge, the S&P Composite index soared by nearly 200 points, signaling a resounding wave of optimism sweeping through the financial landscape. This considerable uptick reflects a robust momentum in the market, with investors seemingly buoyed by positive economic indicators and corporate performances. The rally in the S&P Composite index underscores the growing confidence in the economy's recovery and hints at a broader market sentiment that transcends individual sectors.

Broad Market Momentum: US Stock Markets Ascend Amidst Positive Indicators

The upbeat trend extends beyond the S&P Composite index, as the entire spectrum of US stock markets witnessed a notable climb. This synchronicity of upward movement is likely fueled by a combination of factors, including solid earnings reports, upbeat economic data, and prevailing accommodative monetary policies. While market fluctuations are inherent, this collective upswing points towards a market that is finding solid footing amidst prevailing uncertainties, potentially serving as a testament to the resilience of the US economy and the underlying confidence of market participants.















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