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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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TD Bank Settlement: $15.9 Million Approved for Insufficient Fund Fees Refund

 

The Ontario Superior Court has given the green light to a $15.9 million class-action lawsuit settlement related to TD Bank Group’s non-sufficient fund fees. This settlement aims to compensate customers who were double-charged a $48 fee. The issue of such fees has come under scrutiny, with the federal government pushing for lower charges. For lead plaintiff Tyler Dufault, being 45 cents short on a PayPal bill resulted in a whopping $96 in fees from TD. Approximately 105,000 people who faced similar double-charges are eligible for compensation, and TD has also agreed to amend some practices around these fees. Other major Canadian banks are also facing similar class actions regarding double-charges.

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