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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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Stock Market Pauses Near Records Ahead of Key Inflation Data

                                       

US stocks paused near record highs on Wednesday as investors awaited a crucial inflation report. The S&P 500 futures (ES=F) and Dow Jones Industrial Average futures (YM=F) were little changed, coming off fresh all-time highs. Meanwhile, contracts on the tech-heavy Nasdaq 100 (NQ=F) fell 0.3%.

The market is on edge as the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, is set to be released. Economists expect the "core" PCE, which excludes food and energy, to have risen to 2.8% in October from 2.7% in September. A print matching those expectations could dampen hopes for a rate cut in December.

Investors are also keeping an eye on updates on third-quarter GDP, durable goods data, and initial jobless claims. The mood is somewhat muted as the market winds down for the Thanksgiving holiday, with markets set to close early on Friday.

On the corporate front, Dell (DELL) shares plunged over 10% after quarterly revenue fell short amid declining PC demand. Peer HP (HPQ) also saw its stock drop 8% post-earnings. Automakers General Motors (GM) and Ford (F) were hit hard by Trump's tariff threats, with GM losing 9% and Ford dropping 3%.

As the market awaits the inflation data, the question remains: will inflation have stalled, as some officials believe, or will it continue to rise, complicating the Fed's path forward?




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