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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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Hamas Dismisses Trump's Ultimatum, Demands Lasting Ceasefire for Hostage Release

In a recent development, Hamas has dismissed President Donald Trump's ultimatum to release the remaining Israeli hostages held in Gaza. The militant group has reiterated its stance that the hostages will only be freed in exchange for a lasting ceasefire in the Gaza Strip.

Trump's threat came after the White House confirmed unprecedented direct talks with Hamas, marking the first such engagement since the group was designated a foreign terrorist organization by the US in 1997. In a social media post, Trump warned Hamas to release all hostages and return the bodies of the deceased, or face severe consequences.

Hamas spokesperson Abdel-Latif al-Qanoua accused Trump and Israeli Prime Minister Benjamin Netanyahu of attempting to back out of the ceasefire agreement reached in January. The agreement called for negotiations over a second phase, which would involve the release of hostages in exchange for more Palestinian prisoners, a permanent ceasefire, and an Israeli withdrawal from Gaza.

The fragile ceasefire, which has facilitated hostage exchanges and humanitarian aid deliveries, is now at risk of collapse. The failure to secure a lasting agreement could reignite violence and escalate the humanitarian crisis in Gaza.

As the situation remains tense, the international community watches closely, hoping for a resolution that will bring peace and stability to the region.


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