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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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Israeli Military Intercepts Missile from Yemen Amid Rising Regional Tensions

The Israeli military announced on Saturday that it successfully intercepted a missile launched from Yemen, marking the latest escalation in regional hostilities. The missile, reportedly fired by the Iran-backed Houthi forces, triggered air raid sirens in multiple areas across Israel but caused no casualties or significant damage.

This incident comes as the Houthis continue their campaign of missile and drone attacks against Israel, citing solidarity with Palestinians amid the ongoing conflict in Gaza. The group has vowed to expand its range of targets in response to Israel’s renewed offensive in Gaza, which resumed in mid-March following the breakdown of ceasefire negotiations.

Meanwhile, the United States has intensified its military operations against Houthi positions in Yemen, launching large-scale airstrikes aimed at reducing the group's capabilities. The strikes, ordered by U.S. President Donald Trump in March, represent one of the most significant American military interventions in the Middle East since his administration began.

As tensions continue to rise, analysts warn that the ongoing exchanges of fire could further destabilize the region, with potential implications for international security and trade routes in the Red Sea. The Israeli military remains on high alert, prepared to counter any future threats from Yemen and other hostile actors.

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