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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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Federal Government Faces Mounting Pressure to Resolve Canada Post Strike

 

The ongoing Canada Post strike, now in its fourth week, is causing significant disruptions across the country, prompting calls for federal government intervention. The Retail Council of Canada (RCC) has urged the government to step in, highlighting the severe impact on businesses, especially during the critical holiday shopping season.

With over 55,000 postal workers on strike, retailers are struggling to meet customer demands and maintain operations. The RCC estimates that the retail sector has already incurred losses exceeding C$1 billion. The strike's timing, coinciding with the Black Friday and Cyber Monday sales, has exacerbated the situation, leaving many businesses unable to fulfill orders and receive payments.

Despite the mounting pressure, the federal government has so far resisted intervening, stating that the matter should be resolved through negotiations between Canada Post and the union. However, with the strike showing no signs of ending soon, the business community continues to push for government action to prevent further economic damage.

As the strike enters its 20th day, the RCC and other stakeholders are calling for a swift resolution to avoid further losses and ensure that businesses can operate smoothly during the holiday season.




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