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5 Money Things Every Canadian Should Know Today — April 24, 2026

                                               5 Money Things Every Canadian Should Know Today — April 24, 2026 URL Slug: canadian-money-brief-april-24-2026 Description: Fuel tax relief at the pumps, oil price shock fears, Canada Post's record loss, TSX jitters, and the tax deadline — your 5-minute money briefing. Labels: Economy , Markets , Personal Finance , Energy , Federal Budget , Taxes , Canada Post Your quick Canadian money briefing — five stories, plain language, no filler. 1. Cheaper Gas — For Now If you filled up this week, you may have noticed a few extra cents in your pocket. Ottawa's temporary federal fuel excise tax suspension kicked in on April 20 and runs through September 7. The result: roughly 10 cents per litre saved on gasoline and 4 cents per litre on diesel . Prime Minister Mark Carney framed it as relief for trucker...
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Bank of Canada Holds Interest Rate Steady Amidst Economic Slowdown

 


The Bank of Canada has announced that it will maintain its benchmark interest rate at 5% as the economy shows signs of slowing down. This marks the fourth consecutive hold by the bank, and the decision was widely expected by economists. The central bank’s inflation target sits in the middle of a range, and the Consumer Price Index rose to 3.4% in December 2023. The bank has been signalling recently that it thinks it may be nearing the end of its hiking cycle, after raising its trendsetting rate 10 times since early 2022 to slow down runaway inflation.


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