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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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Trump Taps Fox News Host and Loyalists for Top White House Positions

 

President-elect Donald Trump has announced several key appointments for his upcoming administration, including the selection of Fox News host Pete Hegseth as Secretary of Defense. Hegseth, a decorated Army veteran and outspoken supporter of Trump, has been a prominent figure on Fox News and is known for his conservative views.

In addition to Hegseth, Trump has chosen other loyalists for top positions. Florida Congressman Michael Waltz has been named National Security Adviser, bringing his experience as a former Green Beret and counterterrorism adviser. South Dakota Governor Kristi Noem will serve as Secretary of Homeland Security, despite her lack of direct experience in national security.

These appointments reflect Trump's preference for loyalty and alignment with his "Make America Great Again" agenda. Critics argue that the selection of media personalities and political loyalists over seasoned experts could lead to challenges in governance and policy implementation.

As Trump prepares to take office, the nation watches closely to see how these new appointments will shape his administration and impact U.S. domestic and foreign policies.

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