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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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Mark Carney Eyes Liberal Leadership Following Trudeau's Resignation


In the wake of Justin Trudeau's resignation as the leader of the Liberal Party, former Bank of Canada and Bank of England governor Mark Carney has announced that he is considering entering the race to succeed Trudeau. Trudeau, who has served as Prime Minister for nine years, cited internal party pressures and declining public support as reasons for his decision to step down.

Carney, 59, has had a distinguished career in finance and public service, and his potential candidacy has generated significant interest within the Liberal Party. Over the past few weeks, Carney has been in contact with numerous Liberal MPs, seeking their advice and support for his leadership bid. While some MPs have expressed skepticism about his ability to transition from a career in finance to politics, others have praised his economic expertise and leadership qualities.

Carney's entry into the leadership race could bring a fresh perspective to the Liberal Party, which is facing challenges both internally and from the opposition. As the party prepares for a competitive leadership contest, Carney's experience and vision for Canada's future will be closely scrutinized by party members and the public alike.

The Liberal Party's leadership race is expected to be a robust and nationwide process, with several other high-profile candidates, including former Deputy Prime Minister Chrystia Freeland and Transport Minister Anita Anand, also being considered as potential successors to Trudeau. The outcome of this leadership contest will shape the future direction of the Liberal Party and its approach to key issues such as the economy, climate change, and social policies.

As Carney weighs his decision, he has emphasized the importance of consulting with his family and considering the impact of his potential candidacy on his personal and professional life. The coming weeks will be crucial for Carney and the Liberal Party as they navigate this period of transition and prepare for the challenges ahead.


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