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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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Honda Postpones Ontario EV Investment Amid Market Uncertainty


Honda has announced a two-year delay in its planned $15 billion electric vehicle (EV) battery and assembly facility in Ontario, citing weaker-than-expected demand and the impact of tariffs. The project, originally unveiled in April 2024, was expected to create 1,000 new jobs and expand Honda’s operations in Alliston, Ontario.

The Japanese automaker stated that the postponement would not affect current jobs or production at its existing plant but emphasized that it would continue to reassess the timing of the investment as market conditions evolve. The delay comes as automakers worldwide grapple with shifting consumer interest in EVs and economic uncertainty linked to trade policies, including tariffs imposed by the U.S. government.

Ontario Premier Doug Ford reaffirmed Honda’s commitment to the project, stating that the company had assured his government that the expansion would proceed despite the delay. Both the federal and provincial governments had pledged $2.5 billion each in support of the initiative, underscoring its significance to Canada’s growing EV sector.

Despite the setback, Honda reiterated its long-term commitment to electrification and its presence in Canada, emphasizing that the Ontario EV value chain remains a crucial part of its future strategy. The company will continue monitoring market trends before making further decisions on the project’s timeline.

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