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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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Defying Justice: White House Deportations Spark Controversy


The White House has come under fire for deporting hundreds of alleged Venezuelan gang members to El Salvador, despite a federal court order temporarily halting such actions. The deportations, carried out under the Alien Enemies Act of 1798, have raised questions about the administration's adherence to the rule of law and the balance of power between the executive and judicial branches.

U.S. District Judge James Boasberg had issued a 14-day suspension on the deportations, citing concerns over the use of wartime powers to justify the removals. However, the administration argued that the court order was issued after the deportees had already left U.S. soil, rendering it inapplicable. Critics, including legal experts and human rights organizations, have condemned the move as a blatant disregard for judicial authority and due process.

The deportees, alleged members of the Tren de Aragua gang, were transferred to a high-security prison in El Salvador under an agreement with the Salvadoran government. While the administration defends its actions as a necessary measure to protect national security, opponents view it as an overreach of executive power with potentially dangerous implications for constitutional governance.

This incident has ignited a broader debate about immigration policy, executive authority, and the treatment of migrants, particularly those fleeing crisis-stricken nations like Venezuela. The controversy underscores the complexities and tensions inherent in addressing issues of national security and human rights.

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