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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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Israel Insists on Right to Act Against Hezbollah in Any Deal to End Fighting

Amid ongoing conflict, Israel's Defense Minister has firmly stated that the country insists on retaining the right to act militarily against Hezbollah in any agreement to end the fighting in Lebanon. This stance is likely to be contested by Lebanon, potentially complicating peace efforts.

The conflict, which erupted into full-scale war in September 2023, has resulted in significant casualties and displacement on both sides. Lebanese officials have called for a return to United Nations Security Council Resolution 1701, which ended the 2006 war between the sides and called for Hezbollah militants and Israeli forces to withdraw from a buffer zone in southern Lebanon.

U.S. envoy Amos Hochstein, who has been working to broker a ceasefire, held a second round of talks with Lebanon's parliament speaker, Nabih Berri, an ally of Hezbollah. Hochstein mentioned that the talks had made "additional progress," and he plans to visit Israel to try to bring the conflict to a close.

The situation remains tense, with both sides showing little inclination to compromise, and the international community closely watching the developments.

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