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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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UN Demand for Gaza Ceasefire Sparks Tensions Between U.S. and Israel



In a historic move, the United Nations Security Council has issued its first demand for a ceasefire in Gaza during the Muslim holy month of Ramadan. This resolution, passed by a 14-0 vote, aims to halt the ongoing conflict between Israel and Hamas. However, it’s the U.S.'s decision to abstain from using its veto power that has ignited the strongest public clash between the allies since the war began.

The UN’s call for a ceasefire was met with mixed reactions. Israeli Prime Minister Benjamin Netanyahu swiftly canceled a planned high-level delegation visit to Washington in protest. The resolution not only demands a cessation of hostilities but also calls for the release of all hostages taken captive during Hamas’ surprise attack in southern Israel on October 7. Notably, the resolution does not explicitly link the release of hostages to the ceasefire during Ramadan, which concludes on April 9.

The U.S. decision to abstain from the vote has drawn criticism. Netanyahu accused the U.S. of “retreating” from its “principled position” by allowing the resolution to pass without conditioning the ceasefire on the release of hostages held by Hamas. White House national security spokesman John Kirby clarified that the abstention was due to the resolution’s failure to condemn Hamas.

This clash underscores the delicate balance between diplomacy, humanitarian concerns, and geopolitical alliances. As negotiations continue, the world watches closely, hoping for a peaceful resolution that preserves human lives and averts further suffering and destruction in the region.



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