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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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Hudson's Bay: A Canadian Legacy Faces Major Downsizing


Hudson’s Bay Company, a cornerstone of Canadian retail history, is set to undergo a significant transformation. Following a court decision, the company will retain only six stores across Ontario and Quebec, including flagship locations in downtown Toronto and Montreal. Meanwhile, liquidation sales for the remaining 74 stores will commence on March 24, 2025, with closures expected by June.

This decision comes after years of financial struggles and shifting consumer habits that have challenged traditional brick-and-mortar retailers. The retained stores represent a glimmer of hope for the 354-year-old institution, but the closures mark the end of an era for many communities across Canada.

As the liquidation process begins, shoppers will have a final opportunity to visit these iconic stores and purchase merchandise at discounted prices. The company’s future remains uncertain, but its impact on Canadian history and retail culture is undeniable.

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