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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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Trump Confirms Haley and Pompeo Will Not Join Second Administration

President-elect Donald Trump has announced that former U.N. Ambassador Nikki Haley and former Secretary of State Mike Pompeo will not be part of his administration in its second term. Trump expressed his appreciation for their past service but confirmed that they would not hold key positions in his upcoming administration.

Haley, who served as South Carolina's governor before becoming the U.S. ambassador to the United Nations under Trump, has been a significant figure in the Republican Party. Despite once criticizing Trump during their 2016 primaries clash, she later endorsed him for his second bid for the presidency. Pompeo, who served as the CIA Director and later Secretary of State during Trump's first term, was another figure many speculated might return in a senior role.

Trump's decision marks a shift in the dynamics within the GOP, as he prepares to form his team for the next four years. The absence of Haley and Pompeo in his second-term cabinet signals a move towards new leadership and fresh faces in his administration.

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