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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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The world is facing a demographic shift as the population ages. According to the United Nations, the number of people aged 60 and over is expected to reach 2.1 billion by 2050, up from 962 million in 2017. This trend has significant implications for social and economic development, as well as for health and well-being.

An ageing population poses many challenges, such as increasing demand for health care, social protection, and long-term care services, as well as potential declines in productivity, economic growth, and fiscal sustainability. However, an ageing population also offers opportunities, such as tapping into the potential of older workers, enhancing intergenerational solidarity, and promoting active and healthy ageing.

To address the challenges and opportunities of an ageing population, governments, civil society, and the private sector need to work together to develop policies and programs that support the rights and needs of older persons. Some of the key areas of action include:

1. Promoting lifelong learning and skills development to enable older workers to adapt to changing labor markets and contribute to economic development.

2.  Ensuring adequate and sustainable social protection systems that provide income security and access to health care for older persons.

3. Investing in age-friendly environments that enable older persons to live independently and participate in their communities.

4. Fostering social inclusion and intergenerational cooperation to combat ageism and discrimination and enhance social cohesion.

5. Supporting research and innovation on ageing-related issues to improve the quality of life and well-being of older persons.

An ageing population is not a problem to be solved, but a reality to be embraced. By recognizing the diversity and potential of older persons, we can create a more inclusive and sustainable society for all.

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