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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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Hollywood Faces Uncertain Future as Trump Announces 100% Tariff on Foreign Films

 

In a move that has sent shockwaves through the global film industry, President Donald Trump has announced a 100% tariff on all movies produced outside the United States. The decision, revealed via his Truth Social platform, is aimed at revitalizing the American movie industry, which he claims is "dying a very fast death" due to foreign incentives luring productions away from Hollywood.  

Trump has authorized the Department of Commerce and the U.S. Trade Representative to begin implementing the tariff immediately. However, details on how the policy will be enforced remain unclear, leaving industry insiders scrambling to assess its potential impact.  

The announcement has sparked concern and confusion among filmmakers, particularly those involved in international productions. Many Hollywood blockbusters, including franchises like Mission: Impossible and Avatar, rely on overseas locations for filming. The tariff could significantly increase costs for studios and disrupt ongoing projects.  

Critics argue that the move could harm rather than help the U.S. film industry, as it may discourage international collaboration and limit the diversity of films available to American audiences. Meanwhile, supporters believe it could encourage more domestic production and bring jobs back to Hollywood.  

As the industry awaits further clarification, one thing is certain—Trump’s latest trade policy has ignited a fierce debate over the future of filmmaking in America.  



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