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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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Major IT Outage Disrupts Key Services Across Canada


A significant IT outage has caused widespread disruptions across Canada, affecting airports, banks, border crossings, and hospitals. The issue originated from a faulty update deployed by cybersecurity firm CrowdStrike, impacting computers running Microsoft Windows.

Airports: The outage led to numerous flight cancellations and delays, particularly affecting U.S.-based carriers like United Airlines and American Airlines. Porter Airlines, operating within Canada and to some U.S. locations, also experienced significant disruptions.

Banks: TD Bank and other financial institutions faced operational challenges, causing inconvenience to customers and delays in transactions.

Border Crossings: The Canada Border Services Agency (CBSA) reported partial outages in its telephone reporting system, primarily affecting small aircraft passengers and boaters. Long delays were noted at major border crossings, including the Ambassador Bridge and the Detroit-Windsor tunnel.

Hospitals: Health care networks in British Columbia and other regions experienced disruptions, affecting their computer systems and networks.

CrowdStrike has acknowledged the issue, stating that it was not a security incident or cyberattack. Efforts are underway to restore normal operations, but the impacts are expected to linger for several days.


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