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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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Stock Market Stumbles as Trump Reaffirms Tariffs

                                            

The stock market took a hit on Friday as President Donald Trump reaffirmed his commitment to imposing sweeping tariffs on imports from Mexico, Canada, and China. The Dow Jones Industrial Average fell by 0.8%, the S&P 500 dropped by 0.5%, and the tech-heavy Nasdaq Composite lost 0.3%.

Investors are concerned about the potential impact of these tariffs on the economy, as they could lead to increased costs for consumers and businesses. The White House confirmed that the tariffs, which include a 25% duty on goods from Mexico and Canada and a 10% tariff on Chinese imports, will take effect on Saturday.

Despite earlier optimism driven by solid earnings from Apple and an inflation reading that matched expectations, the tariff news overshadowed these positive developments. The uncertainty surrounding the tariffs has left Federal Reserve Chair Jerome Powell in a wait-and-see mode, with the potential for tariffs to inflame inflation being a key concern.

As the market closes, investors are bracing for the impact of these tariffs and the potential for further volatility in the coming days.




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