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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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Ontario's Bold Economic Stand: Starlink Contract Axed Amid U.S. Tariffs

 

Ontario Premier Doug Ford has announced a sweeping economic response to U.S. tariffs by canceling a nearly C$100‑million contract with Elon Musk’s Starlink. The agreement, signed last November to provide high-speed satellite internet to 15,000 remote homes and businesses across the province, is now being scrapped as part of Ford’s broader initiative to shield Ontario’s economy from what he calls “destructive” American trade practices.

In a fiery statement on social media, Ford declared that Ontario will ban U.S. companies from provincial contracts until the tariffs—imposed by President Donald Trump—are removed. “We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy,” he asserted, emphasizing that the province’s annual procurement spending of over $30 billion is at stake.

This decisive move is not only a repudiation of the ongoing trade conflict but also a signal to American businesses that Ontario is ready to defend its local industry. While Ford remains confident in the province’s legal position should any challenges arise over the cancellation, critics and proponents alike are watching closely as this trade dispute continues to reshape economic policies on both sides of the border.

As the situation unfolds, Ontario’s actions underscore a broader trend of regional resistance to policies perceived as harmful to local economies—a trend that may have lasting implications for future trade negotiations.

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