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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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Black Friday Shoppers Warned to Be Wary of Deals


 As Black Friday approaches, experts are urging shoppers to be cautious of deals that seem too good to be true. With the shopping frenzy in full swing, it's easy to get caught up in the excitement and make impulsive purchases.

Consumer Reports advises shoppers to do their homework and compare prices across multiple retailers before making a purchase. Many deals advertised as "doorbusters" may not be as great as they appear, and some prices may have been inflated before being discounted.

Shoppers are also encouraged to set a budget and stick to it, focusing on necessary items rather than succumbing to impulse buys. Using price-tracking apps and tools like PayPal Honey can help identify genuine deals and avoid being misled by marketing tactics.

As Black Friday sales kick off, staying informed and vigilant can help shoppers make the most of their money and avoid buyer's remorse.




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