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5 Things Every Canadian Should Know About Their Money Today

  Published on: May 1, 2026 Site: moneysavings.ca/canadian-money-brief Whether you're watching your mortgage rate, filing your taxes, or wondering what Ottawa's big spending announcements mean for your wallet — here's your fast briefing for May 1, 2026. 1. The Bank of Canada Is Holding Steady at 2.25% On April 29, the Bank of Canada held its overnight policy rate at 2.25% — exactly where markets expected it to land. Governor Tiff Macklem cited a volatile mix of ongoing U.S. trade uncertainty and rising energy prices tied to the conflict in the Middle East as reasons to stay the course rather than cut or hike. The next rate decision is scheduled for June 10, 2026 . What it means for you: Variable-rate mortgage and HELOC holders get a reprieve from any further hikes for now. Don't expect a cut anytime soon either — the Bank signalled it's watching inflation data closely before moving in either direction. 2. Tax Deadline Was Yesterday — Here's What to...
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Ottawa Prepares for Trump 2.0: Reinforcing Border Security

 

As President-elect Donald Trump gears up for his second term, Ottawa is taking proactive measures to ensure the security of Canada's borders. With Trump's aggressive immigration policies and mass deportation plans, Canadian officials are preparing for a potential influx of migrants seeking refuge.

Deputy Prime Minister Chrystia Freeland has emphasized that Canada's borders are "safe and secure" and that the country will continue to control who enters. The Royal Canadian Mounted Police (RCMP) have been preparing for months, anticipating increased migrant traffic at the border. Measures include acquiring more police cruisers, setting up permanent or semi-permanent buildings, and chartering buses to transport migrants if necessary.

Freeland's message to Canadians is clear: "We control our borders. Every Canadian has the absolute right to expect that our country chooses who comes here and who doesn't". This stance aims to reassure the public and deter any potential surge of undocumented immigrants fleeing the United States.

As the situation unfolds, Ottawa remains vigilant, ready to adapt to the challenges posed by Trump's immigration policies and ensure the safety and security of Canada's borders.

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