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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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Catastrophe in North Gaza: UN Warns of Imminent Risk of Death

 

The situation in North Gaza has reached catastrophic levels, with the United Nations describing it as “apocalyptic.” The ongoing military offensive by Israel against Hamas militants has left the entire Palestinian population in the region at imminent risk of death due to disease, famine, and violence.

Top UN officials have issued urgent warnings, highlighting the dire humanitarian crisis. Basic necessities such as food, water, and medical supplies are scarce, and humanitarian aid efforts are severely hampered by access constraints and security concerns. The heads of multiple UN agencies, including UNICEF and the World Food Programme, have called for an immediate cessation of hostilities to allow for the safe delivery of life-saving aid.

The international community is watching closely, with the United States urging Israel to improve the humanitarian situation or face potential restrictions on military aid. Despite these pressures, the situation remains critical, with tens of thousands of people in northern Gaza marooned without essential supplies.

The UN’s stark warning underscores the urgent need for a resolution to the conflict and immediate humanitarian relief to prevent further loss of life in North Gaza.


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