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5 Things Every Canadian Should Know About Their Money Today

From a rate hold to a sovereign wealth fund — here's what's moving the needle on your finances right now. 01 — DEADLINE Today is the tax filing deadline — and your refund may be a lifeline April 30 is the last day most Canadians can file their 2025 income tax return without penalty. With the cost of living still squeezing household budgets, many Canadians are counting on their refund as a financial cushion. Filing late triggers a 5% penalty on any balance owing, plus 1% for each additional month. If you haven't filed yet, the CRA's NETFILE portal is still open — act before midnight. 02 — INTEREST RATES Bank of Canada holds steady at 2.25% — no relief yet for borrowers The Bank of Canada kept its policy rate at 2.25% yesterday — the third consecutive hold of 2026. Governor Tiff Macklem cited rising inflation driven by higher global energy prices tied to the Middle East conflict, while U.S. tariffs continue to weigh on exports. CPI inflation climbed to 2.4% in Ma...
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Red Sea Crisis: Civilian Ship Crew Evacuated After Fatal Houthi Attack

 

In a tragic turn of events, the Red Sea has witnessed its first civilian casualties due to the escalating Houthi attacks. A commercial vessel, targeted by a missile, resulted in the death of three crew members, prompting an urgent evacuation by the Indian Navy. The attack marks a significant escalation in the conflict, underscoring the dangers faced by civilian seafarers in one of the world’s busiest shipping lanes.

The vessel, identified as the Barbados-flagged True Confidence, was operating about 50 nautical miles off the port of Aden when it was struck. The Indian Navy’s swift action ensured the safety of the remaining crew, who were taken to a hospital in Djibouti. The international community has expressed outrage over the attack, calling for immediate action to protect innocent lives and maintain the security of critical maritime routes.

This incident has raised serious concerns about the safety of commercial shipping in the region and the potential impact on global trade. With the Houthis continuing their campaign, the call for decisive measures to safeguard seafarers and ensure the free flow of commerce has never been more urgent.

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