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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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S&P/TSX Composite Index Declines Over 100 Points: A Market Recap

 


Canada’s main stock index faced a significant decline on Tuesday, with losses in financial, industrial, and telecom stocks outweighing strength in energy and base metals. Simultaneously, U.S. stock markets also experienced a downturn.

Key Points:

  • S&P/TSX Composite Index: The Canadian benchmark index closed down 110.15 points at 22,075.10.
  • Dow Jones Industrial Average (DJIA): In New York, the DJIA was down 396.61 points at 39,170.24.
  • S&P 500 Index: The broader S&P 500 index declined 37.96 points to 5,205.81.
  • Nasdaq Composite: The Nasdaq composite dropped 156.38 points to 16,240.45.

Currency and Commodities:

  • Canadian Dollar: Traded at 73.68 cents US, compared to 73.67 cents US on Monday.
  • Crude Oil: The May crude oil contract rose by US$1.44, reaching US$85.15 per barrel.
  • Natural Gas: The May natural gas contract increased by three cents, reaching US$1.86 per mmBTU.
  • Gold: The June gold contract surged by US$24.70, reaching US$2,281.80 per ounce.
  • Copper: The May copper contract gained two cents, reaching US$4.07 per pound.

This report by The Canadian Press provides a snapshot of the market conditions on April 2, 2024. Investors should closely monitor developments as market dynamics continue to evolve.

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