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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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C$ falls to a four-week low against the US dollar as investors watch the economy's reaction to rate hikes

 


The Canadian dollar (C$) has slipped against the US dollar as investors are keeping a close eye on the economy's reaction to rate hikes. The C$ fell to a near four-week low against the US dollar, trading 0.4% lower at 1.3395 to the greenback, or 74.65 US cents. The Bank of Canada (BoC) has said that a slowdown in the domestic economy is an indication that its monetary policy is working. Money markets expect the central bank to cut its benchmark interest rate in April after holding it at a 22-year high of 5% for a third straight policy meeting in December. Canadians borrowed heavily during the pandemic to participate in a red-hot housing market. The BoC has said that the domestic economy is particularly sensitive to higher borrowing costs. 



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