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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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Wall Street in Retreat Amid Record-Setting Run

 


The stock market is currently experiencing a record-setting run, but today, Wall Street is in retreat. The Dow Jones Industrial Average fell 0.5%, the S&P 500 dropped 0.4%, and the Nasdaq Composite lost 0.3%. The decline is attributed to concerns over the Federal Reserve’s decision to raise interest rates.

The Fed has been raising rates to combat inflation, but this has led to a slowdown in economic growth. Investors are also worried about the ongoing trade war between the US and China. Despite the current dip, the stock market is still up significantly for the year.

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