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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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Erdogan’s Bold Threat: Turkey’s Potential Military Intervention in Israel

 

In a recent and highly provocative statement, Turkish President Recep Tayyip Erdogan has suggested that Turkey might intervene militarily in Israel to support the Palestinians. This declaration was made during a party meeting in Rize, where Erdogan drew parallels to Turkey’s past interventions in Nagorno-Karabakh and Libya.

Erdogan emphasized the need for Turkey to be strong to prevent Israel from continuing its actions against the Palestinians. He stated, "Just as we entered [Nagorno-]Karabakh, just as we entered Libya, we might do the same to them. There is nothing we can’t do. We must only be strong.

This rhetoric has sparked significant concern and backlash. Israeli Foreign Minister Israel Katz compared Erdogan to the late Iraqi dictator Saddam Hussein, highlighting the potential for severe geopolitical repercussions. The Turkish leader’s comments come amid ongoing conflict between Israel and Hamas in Gaza, further escalating tensions in the region.

Erdogan’s statements have been met with mixed reactions globally, with many fearing the implications of such a move by a NATO member. The international community watches closely as the situation develops, hoping for a peaceful resolution to the escalating conflict.


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