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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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Israeli War Cabinet Member Threatens to Quit Unless There’s a New Gaza Plan


In a significant development, Benny Gantz, a popular centrist member of Israel’s three-member War Cabinet, has threatened to resign from the government if it doesn’t adopt a new plan for the war in Gaza within the next three weeks. This decision would leave Prime Minister Benjamin Netanyahu more reliant on far-right allies. The ongoing war has stretched for more than seven months, during which Israel has yet to achieve its stated goals of dismantling Hamas and securing the return of scores of hostages abducted during the militant group’s October 7 attack.

Gantz has outlined a six-point plan that includes the following key elements:

  1. Return of Hostages: Ensuring the safe return of the abducted hostages.
  2. Ending Hamas’ Rule: Aiming to dismantle Hamas’ control in Gaza.
  3. Demilitarizing Gaza: Reducing the military capabilities of armed groups in the region.
  4. International Administration of Civilian Affairs: Establishing an international body to oversee civilian affairs in Gaza, with cooperation from American, European, Arab, and Palestinian stakeholders.
  5. Efforts to Normalize Relations with Saudi Arabia: Seeking to improve diplomatic ties with Saudi Arabia.
  6. Widening Military Service: Expanding mandatory military service to include all Israelis.

Gantz has set a deadline of June 8 for the adoption of this plan. He warned, “If you choose the path of fanatics and lead the entire nation to the abyss — we will be forced to quit the government.” In response, Netanyahu criticized Gantz for issuing an ultimatum to him rather than to Hamas, dismissing the conditions as “euphemisms” for Israel’s defeat.

This development highlights the deepening divide within Israel’s leadership and underscores the challenges faced in achieving a resolution to the conflict in Gaza. As the situation continues to evolve, the world watches closely to see how these tensions will impact the region’s stability and prospects for peace.


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