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5 Things Every Canadian Should Know About Their Money Today

Published: April 26, 2026 · moneysavings.ca/canadian-money-brief The week is shaping up to be a busy one for Canadian wallets. From a federal budget update to record household debt, here are the five things you need to know today. 1. The Spring Economic Update Lands Monday Finance Minister François-Philippe Champagne is set to table the Spring Economic Update 2026 on April 28 — just two days away. The government has promised to outline its plan to build "the strongest economy in the G7," with further actions to drive prosperity and support Canadians. Whether that means tax relief, new spending, or trade-war cushions, Canadians should pay close attention: what gets announced Monday could directly affect your tax bill, your mortgage rate outlook, and government benefit amounts. What to watch for: any changes to the GST/HST credit, housing incentives, or tariff-offset support for workers. 2. Your Household Debt Is Still Climbing Statistics Canada's latest data pa...
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Travel insurance tips for Canadians

 

Before embarking on a trip, it is essential to understand the importance of travel insurance. Travel insurance is a type of insurance that covers financial losses and medical expenses incurred while traveling. It is designed to protect travelers from unforeseen circumstances that may arise during their trip.

When purchasing travel insurance, it is important to read the policy wording carefully to understand what is and isn’t covered. Some policies may not cover pre-existing medical conditions, while others may not cover certain activities such as extreme sports. It is also important to note that travel insurance policies have exclusions and limitations, so it is essential to read the fine print.

Another important factor to consider when purchasing travel insurance is the type of coverage you need. There are different types of travel insurance policies available, including medical coverage, trip cancellation coverage, and baggage coverage. It is important to choose a policy that meets your specific needs.

When purchasing travel insurance, it is also important to consider the duration of your trip. Some policies may only cover trips of a certain length, while others may offer coverage for longer trips. It is important to choose a policy that provides adequate coverage for the duration of your trip.

In summary, travel insurance is an essential part of any trip. It provides peace of mind and financial protection in case of unforeseen circumstances. When purchasing travel insurance, it is important to read the policy wording carefully, choose a policy that meets your specific needs, and consider the duration of your trip.

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