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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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Bloc Québécois Initiates Talks to Topple Liberal Government After Missed Deadline

 

The Bloc Québécois is poised to initiate discussions with other political parties to bring down the minority Liberal government. This move comes after the Liberals failed to meet a crucial deadline to pass two key bills. Bloc Leader Yves-François Blanchet had set the deadline last month, warning that failure to comply would lead to serious political consequences.

The two bills in question are pivotal for the Bloc, with one focusing on safeguarding supply management in trade negotiations. Despite having government support, this bill is still under Senate review. The Bloc’s decision to proceed with talks signals a significant escalation in political tensions, potentially leading to a vote of no confidence and triggering an election.

Blanchet’s firm stance underscores the Bloc’s commitment to its legislative priorities and its readiness to challenge the Liberal government’s stability. As discussions begin, the political landscape in Ottawa is set for a period of heightened uncertainty and strategic maneuvering.

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