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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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UK Boosts Ukraine’s Defense with Largest-Ever Aid Package

 


In a significant move to support Ukraine amid the ongoing conflict with Russia, the United Kingdom has announced its largest-ever military aid package to the country. Prime Minister Rishi Sunak revealed that the aid includes a substantial supply of long-range missiles and other critical equipment.

Here are the key details:

  1. Storm Shadow Missiles: The UK will send additional Storm Shadow long-range missiles to Ukraine. These precision-guided cruise missiles have a firing range of over 250 kilometers (155 miles). Alongside these missiles, Britain is also providing more than 1,600 strike and air defense missiles.

  2. Total Aid Amount: The aid package amounts to £500 million ($620 million) in new spending. This brings the total UK military aid to Ukraine for this financial year to an impressive £3 billion.

  3. Strategic Importance: Prime Minister Sunak emphasized the importance of defending Ukraine against Russia’s aggression. He warned that if Russian President Vladimir Putin succeeds in this war, it won’t stop at Ukraine’s borders. The aid aims to bolster Ukraine’s security and contribute to stability in Europe.

  4. Additional Support: In addition to missiles, the UK will procure drones for Ukraine and scale up domestic defense supply chains. The package also includes more than 400 vehicles, including armored vehicles and boats.

UK’s commitment to Ukraine’s security highlights the significance of this unprecedented military assistance. The Storm Shadow missiles and other equipment underscore the UK’s determination to stand by Ukraine during this critical time.


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