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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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Hurricane Helene Devastates Southeastern U.S., Leaving 64 Dead and Millions Without Power

 

Hurricane Helene has left a trail of destruction across the southeastern United States, resulting in at least 64 fatalities and leaving millions without power. The storm made landfall as a Category 4 hurricane, bringing with it devastating flooding and high-speed winds that have wreaked havoc from Florida to the Carolinas.

In Florida’s Big Bend region, where Helene first struck, residents woke up to extensive damage. Floodwaters reached over 15 feet in some areas, and numerous homes were destroyed. The storm’s impact was felt deeply in Georgia as well, where at least 15 people lost their lives, including a first responder.

As rescue operations continue, the full extent of the damage is becoming clear. Communities are grappling with the aftermath, facing a long and challenging recovery process. The power outages have compounded the difficulties, leaving millions without electricity and complicating rescue and relief efforts.

Authorities are urging residents to stay safe and heed evacuation orders as they work to restore power and provide aid to those affected. The path to recovery will be long, but communities are coming together to support one another in this time of crisis.


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