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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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Devastating Explosion Rocks Bandar Abbas Port, Injuring Hundreds

 

A massive explosion at the Shahid Rajaee port in Bandar Abbas, southern Iran, has left at least 281 people injured, according to state media reports. The blast occurred on Saturday, April 26, 2025, and caused significant damage to the port, which is a key hub for container traffic and petrochemical activities.

Authorities have stated that the explosion originated from several containers stored in the port's wharf area. The exact cause of the incident remains under investigation, but negligence in handling flammable materials has been cited as a possible factor. Emergency response teams have been working tirelessly to evacuate and transport the injured to nearby medical facilities.

The explosion caused widespread destruction, shattering windows within a radius of several kilometers and creating a mushroom cloud visible from afar. Videos shared on social media showed thick black smoke billowing from the site and damaged buildings and vehicles in the vicinity.

This tragic event coincides with ongoing nuclear negotiations between Iran and the United States in Oman, adding a layer of complexity to an already tense situation. While no fatalities have been confirmed, the scale of the injuries and damage underscores the severity of the incident.

Rescue operations are ongoing, and authorities are urging caution as they continue to assess the situation. The Shahid Rajaee port, located near the Strait of Hormuz, plays a critical role in global trade, making this explosion a matter of international concern.

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