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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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Trump's Warning to Iran: A New Chapter in Nuclear Negotiations

In a recent interview, former U.S. President Donald Trump issued a stark warning to Iran, stating that "there will be bombing" if Tehran fails to reach a nuclear agreement with Washington. This statement comes amidst heightened tensions between the two nations over Iran's nuclear program.

Trump emphasized the possibility of imposing secondary tariffs, similar to those enacted during his previous term, as an alternative to military action. However, he made it clear that military intervention remains on the table if diplomatic efforts falter. Iran, on the other hand, has rejected direct negotiations but has left the door open for indirect talks.

The situation underscores the fragile state of international relations and the complexities of nuclear diplomacy. As both sides navigate this high-stakes scenario, the global community watches closely, hoping for a resolution that avoids conflict.

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