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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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Global IT Systems Recover After Major Outage Caused by Faulty Software Update

   

                                          

Businesses and services worldwide are gradually returning to normal after a massive IT outage caused by a faulty software update from cybersecurity firm CrowdStrike. The update, which was not the result of a cyberattack, led to widespread disruptions across various sectors, including airlines, banks, healthcare, and media.

The issue began when a defect in a content update for CrowdStrike’s Falcon Sensor software caused Windows computers to crash, displaying the infamous “blue screen of death.” This malfunction affected numerous organizations globally, grounding flights, disrupting banking services, and causing delays in healthcare and other critical services.

CrowdStrike’s CEO, George Kurtz, apologized for the disruption and assured that a fix had been deployed. However, the recovery process is expected to take some time as businesses work through backlogs and other issues caused by the outage.

The incident has highlighted the vulnerabilities in the world’s interconnected technologies and the need for better contingency plans to prevent such widespread disruptions in the future.


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