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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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TSX Ends Year on High Note Despite Recent Dip


Despite closing lower on the last trading day of the year, the Toronto Stock Exchange (TSX) is poised to record its best performance since 2021. The S&P/TSX Composite Index saw a 22% increase over the year, driven by strong performances from key sectors such as technology and healthcare.

While the final trading session saw a slight dip, investor sentiment remains optimistic as the TSX continues to reach new all-time highs. Analysts attribute this success to robust earnings reports and positive economic indicators, suggesting a promising outlook for the coming year.




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