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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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Trudeau's Cabinet Shuffle: A Strategic Move Amidst Political Turmoil

 

Prime Minister Justin Trudeau is set to announce a significant cabinet shuffle today, following a series of high-profile resignations and growing internal pressure. This move comes in the wake of Chrystia Freeland's unexpected departure as finance minister earlier this week.

Trudeau's government has faced mounting challenges, with several ministers currently handling multiple portfolios due to recent resignations. Finance Minister Dominic LeBlanc, for instance, is also managing public safety and intergovernmental affairs. The shuffle aims to address these gaps and ensure the government can function effectively.

Among those expected to join the cabinet are MPs David McGuinty and Nathaniel Erskine-Smith. This reshuffle is seen as a crucial step for Trudeau to stabilize his administration and prepare for the upcoming election year.

The timing and scale of the shuffle have sparked speculation about Trudeau's future, with some members of his caucus urging him to step down. However, sources indicate that Trudeau is still reflecting on his position and has not made any final decisions.

Stay tuned for more updates as the new cabinet members are sworn in at Rideau Hall later today.

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