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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...

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Spring Forward: Daylight Saving Time in Canada

As the winter chill begins to fade and the promise of spring looms on the horizon, Canadians prepare to embrace longer days and shorter nights. The eagerly awaited transition to Daylight Saving Time (DST) marks the end of standard time, as clocks across the country spring forward by one hour. This year, DST begins on Sunday, March 9, 2025, at 2 a.m. local time.

While the adjustment might mean losing an hour of precious sleep, the benefits of DST are well worth the initial grogginess. The extra daylight in the evenings encourages outdoor activities, boosts mental well-being, and provides a sense of rejuvenation after the long, dark winter months. Communities come alive as residents take advantage of the extended daylight to socialize, exercise, and engage in various recreational pursuits.

Historically, DST was introduced to make better use of daylight during the longer days of spring and summer. The practice was first implemented during World War I as a means to conserve energy. Over the years, it has evolved into a tradition that many Canadians eagerly anticipate.

As you set your clocks forward this weekend, take a moment to relish the thought of longer, sunlit evenings and the opportunities they bring. Whether it's a leisurely stroll in the park, a family barbecue, or simply soaking up the golden hour, the extra daylight is a gift to cherish.


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