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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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Market Watch: Investors Brace for Labor Data Amid Stock Market Uncertainty

The U.S. stock market is in a holding pattern as investors await key labor data that could provide insight into the economy's trajectory. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 remained largely unchanged Thursday morning, reflecting a cautious approach from traders.  

Recent economic reports have raised concerns about slowing private-sector hiring and a weakening services sector, fueling speculation about the broader impact of President Trump's trade policies. Market participants are now focused on upcoming jobless claims data and the Challenger job cuts report for May, which will set the stage for Friday’s highly anticipated May jobs report.  

Meanwhile, geopolitical tensions continue to weigh on sentiment. China’s restrictions on rare-earth exports have emerged as a critical issue, with U.S. automakers warning of potential disruptions to production. On the corporate front, earnings reports from Lululemon and Broadcom are expected later today, adding another layer of market-moving potential.  

With uncertainty looming, investors are keeping a close watch on economic indicators that could shape the Federal Reserve’s next moves. Will the labor market show resilience, or will signs of strain push policymakers toward further intervention? The answer may come sooner than expected.

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