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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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US Futures Rise After CPI Data, Fed Signals

 

Investors are closely watching the stock market today as US futures tiptoe higher following the release of the latest Consumer Price Index (CPI) data. The Federal Reserve’s looming decision on interest rates adds to the anticipation.

Key Points:

  • CPI Snapshot: Economists expect the month-over-month Core CPI to have risen, providing insight into inflation trends.
  • Fed’s Stance: Federal Reserve Chair Jerome Powell has signaled that rate cuts are coming, despite inflation ticking up in February.
  • Market Reaction: S&P 500 futures climbed 0.3%, Nasdaq 100 futures rose 0.6%, and Dow Jones Industrial Average futures gained 0.2%.
  • Gold Surges: The gold price surpassed $2,200 an ounce for the first time.
  • Micron Technology Soars: Micron Technology shares surged as much as 18% in premarket trading due to strong demand from AI companies.

Stay tuned for further updates as the Fed’s double whammy—CPI and interest rate decisions—unfolds.


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