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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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Canada Post Strike Enters Fourth Week: Negotiations Resume Amid Rising Tensions

The ongoing strike by Canada Post workers has now entered its fourth week, with the Canadian Union of Postal Workers (CUPW) and Canada Post appearing closer to resuming negotiations. The union, representing over 55,000 striking workers, sent new counter-proposals to the mediator this week, hoping to restart talks. Canada Post has confirmed it is reviewing these proposals.

The strike, which began on November 15, 2024, has caused significant disruptions, with Purolator and UPS pausing shipments from some courier companies due to a surge in package volumes. The business community has been calling for government intervention, but so far, the federal government has not stepped in.

Key sticking points in the negotiations include wage increases and the expansion of weekend delivery services. The union is pushing for better wages and staffing solutions for the proposed expansion, while Canada Post is reviewing how to manage these changes.

As the strike continues, the impact on businesses and consumers grows, with some companies warning of potential losses during the holiday season. The hope is that the new counter-proposals will bring both parties back to the negotiating table and lead to a resolution soon.



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