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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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Court Agrees to Pause Collection of Trump’s Massive Civil Fraud Judgment

 



In a significant legal development, a New York appeals court has granted former President Donald Trump a temporary reprieve from the collection of his staggering civil fraud judgment. The condition? Trump must post a hefty $175 million bond within the next 10 days. If he complies, the clock on collection will stop, preventing the state from seizing his assets while he appeals.

The civil fraud case stems from allegations that Trump inflated his net worth over the years, unjustly enriching himself, his family, and his organization. The court’s ruling not only buys Trump time but also reverses certain restrictions that had barred him and his sons from corporate leadership roles.

Trump’s legal team had argued that securing an underwriter for such a colossal bond was nearly impossible. Initially proposing a $100 million bond, they faced rejection from an appellate judge. Now, with the reduced amount, Trump aims to protect his real estate empire and fend off foreclosure threats.

While the judgment still stands, the pause in collection provides Trump with a lifeline. New York Attorney General Letitia James remains steadfast, emphasizing that Trump is still accountable for his alleged fraud. As the legal battle unfolds, the eyes of the nation remain fixed on this high-stakes drama.


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