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5 Things Every Canadian Should Know About Their Money Today

Published: April 26, 2026 · moneysavings.ca/canadian-money-brief The week is shaping up to be a busy one for Canadian wallets. From a federal budget update to record household debt, here are the five things you need to know today. 1. The Spring Economic Update Lands Monday Finance Minister François-Philippe Champagne is set to table the Spring Economic Update 2026 on April 28 — just two days away. The government has promised to outline its plan to build "the strongest economy in the G7," with further actions to drive prosperity and support Canadians. Whether that means tax relief, new spending, or trade-war cushions, Canadians should pay close attention: what gets announced Monday could directly affect your tax bill, your mortgage rate outlook, and government benefit amounts. What to watch for: any changes to the GST/HST credit, housing incentives, or tariff-offset support for workers. 2. Your Household Debt Is Still Climbing Statistics Canada's latest data pa...
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US Dollar Suffers Largest Weekly Drop Since November 2023 Amid Tariff Uncertainty

The US dollar experienced its largest weekly decline since November 2023, driven by growing concerns over tariff policies. The currency dropped as much as 0.8% against a basket of currencies on Friday, before closing the week down 1.8%. This volatility was sparked by President Donald Trump's recent comments suggesting a softer stance on tariffs against China.

During an interview with Fox News, Trump mentioned that his conversation with Chinese President Xi Jinping was friendly and expressed optimism about reaching a trade deal. This uncertainty around trade policy has kept equity markets on edge, with the S&P 500 index down 0.3%, the Dow Jones Industrial Average losing 0.3%, and the Nasdaq Composite shedding 0.5%.

Analysts warn that the dollar could rise again if US tariff and interest rate policies shift. However, for now, the market remains cautious as it navigates through the ongoing trade policy uncertainties.




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