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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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Rising Border Anxiety: Social Media Ads for Smugglers Flourish

As border anxiety continues to mount, a concerning trend has emerged on social media platforms like TikTok and Facebook: advertisements for smugglers offering illegal crossings from Canada into the United States. These ads, often targeting vulnerable migrants, promise safe passage for a hefty fee, despite the inherent dangers and legal consequences.

Recent investigations have revealed that smugglers are using social media to solicit migrants, particularly from Indian temporary residents in Canada, with promises of "safe" and "easy" crossings. These offers have become increasingly common, with some accounts boasting hundreds of thousands of followers. The U.S. Border Patrol has reported a record number of encounters with migrants at the Canadian border, highlighting the growing issue.

Authorities warn that these illegal crossings are not only prohibited by Canadian and American laws but also pose significant risks to the migrants involved. Tragic incidents, including drownings and hypothermia, have been reported along the northern border. Despite these dangers, the lucrative nature of human smuggling continues to attract organized crime networks.

Efforts to combat this issue are ongoing, but the widespread use of social media by smugglers makes it a challenging battle. As border anxiety grows, it is crucial for authorities and communities to work together to address the root causes of migration and provide safer alternatives for those seeking a better life.




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