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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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Israel Explores New Governance Options for Gaza Amid Ongoing Conflict


Israel is currently exploring the possibility of establishing an alternative local governing body for Gaza, according to Defense Minister Yoav Gallant. The goal is to move beyond Hamas, but the specifics of who might replace them remain uncertain. This initiative comes amid new uncertainty in the ongoing eight-month war. Israeli Prime Minister Benjamin Netanyahu faces pressure from various quarters, including calls to accept a new cease-fire deal proposed by U.S. President Joe Biden. Meanwhile, far-right allies threaten to destabilize his government if he agrees to the deal. Gallant, a member of Israel’s three-member War Cabinet, has advocated for a detailed postwar plan for Gaza. He stated that the framework for this alternative governance involves isolating certain areas, removing Hamas operatives, and introducing other forces that could facilitate the formation of a new governing body.

In a related development, Israel is seeking Palestinians who are not affiliated with Hamas to manage civilian affairs in planned “humanitarian pockets” within the Gaza Strip. These pockets are designed as testing grounds for postwar administration of the enclave. While the situation remains complex and fluid, efforts to find alternatives to Hamas continue as the conflict persists.


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