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Daily Markets Update: Weak U.S. Jobs Report Snaps TSX Slide as Loonie Sinks Near 70¢ US

CANADIAN MONEY BRIEF  |  DAILY MARKETS UPDATE  |  SATURDAY, OCTOBER 3, 2026 Stock markets are closed for the weekend, so here is where things stood at Friday's close. Bay Street and Wall Street both rallied after a surprisingly weak U.S. jobs report cooled bets on another Federal Reserve rate hike this month. The Canadian dollar, however, didn't get the memo: it slid to roughly 70.2 cents US , near an 18-month low. The S&P/TSX Composite gained 0.99% to 35,502.65 , snapping a four-session losing streak. It still finished the week down about 0.8% , and sits roughly 3.9% below its August record close. Friday's Scoreboard Index Close Change % Chg S&P/TSX Composite 35,502.65 +347.89 +0.99% Dow Jones 51,176.96 +250.40 +0.49% S&P 500 7,722.72 +56.27 +0.73% Nasdaq Composite 27,190.86 +319.27 +1.19% STOXX Europe 600 631.35 +4.70 +0.75% Nikkei 225 68,309.24 −647.26 −0.94% Hang Seng 23,972.29 −640.98 −2.60% Closing levels for Friday, October 2, 2026. Week-over-week:...
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Tax season is upon us, and staying informed can make the process smoother and less stressful. Here are some essential updates and tips for the 2025 tax-filing season:

  •  Important Deadlines: 
    •    The deadline for most individuals to file and pay taxes is April 30, 2025. 
    •    Self-employed individuals have until June 16, 2025, to file, but any taxes owed must still be paid by April 30 to avoid interest.

  • New Changes:
    •   Federal income tax brackets have been adjusted to account for inflation, with rates ranging from 15% for earnings up to $57,375 to 33% for earnings above $253,414.
      • The contribution limit for Registered Retirement Savings Plans (RRSPs) has increased to $32,490.
    •  The Tax-Free Savings Account (TFSA) contribution room remains at $7,000 for 2025.

  •  Digital Services Enhancements:
    • The Canada Revenue Agency (CRA) now offers a document verification service for quicker access to online accounts.
    • A live chat feature is available in the CRA's "My Account" portal for personalized assistance.

  • Filing Tips:
    • File early to avoid last-minute stress and ensure quicker refunds.
    • Double-check all tax slips and receipts to claim every eligible credit and deduction.
    • Consider seeking help from free tax clinics if you have a modest income and a simple tax situation.

By staying organized and informed, you can make the most of this tax season and potentially maximize your refund.



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