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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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U.S. Approves $3 Billion Arms Deal with Israel Amid Ceasefire Talks

The Trump administration has approved a significant arms sale to Israel, valued at nearly $3 billion. This deal includes over 35,500 MK 84 and BLU-117 bombs, 4,000 Predator warheads, and Caterpillar D9 bulldozers, among other equipment. The State Department bypassed the usual congressional review, citing national security interests.

The timing of this approval coincides with the expiration of the first phase of a ceasefire between Israel and Hamas. The truce, which began in January 2025, has seen the release of hostages and prisoners on both sides, along with increased humanitarian aid to Gaza. Negotiators are working to extend the ceasefire and move toward a lasting resolution.

This arms deal underscores the U.S.'s continued support for Israel, even as the region navigates a fragile peace process.

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