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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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Escalating Tensions: India Shuts Airspace to Pakistani Airlines

In a significant move reflecting heightened tensions, India has closed its airspace to Pakistani airlines following the deadly Pahalgam terrorist attack on April 22, which claimed 26 lives. This decision, effective from April 30 to May 23, is part of a series of retaliatory measures taken by New Delhi, including suspending the Indus Waters Treaty and expelling Pakistani diplomats.

The closure impacts Pakistan International Airlines (PIA), forcing rerouted flights through longer paths, increasing operational costs, and straining the already struggling carrier. Pakistan had earlier banned Indian airlines from its airspace, intensifying the standoff between the nuclear-armed neighbors.

As tensions rise, international voices, including U.S. Secretary of State Marco Rubio, have urged both nations to de-escalate and return to dialogue. The situation underscores the fragile peace in South Asia and the urgent need for diplomatic resolution.


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