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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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Ukraine Endures Largest Russian Aerial Assault Since War Began

In the early hours of Sunday, Ukraine faced its most intense aerial bombardment since the onset of Russia’s full-scale invasion in 2022. According to Ukrainian officials, Russia launched a staggering 537 aerial weapons, including 477 drones and 60 missiles, targeting multiple regions across the country.

The Ukrainian Air Force reported that 249 drones and 38 missiles were successfully intercepted, while others were either electronically jammed or missed their targets. Despite these defenses, the assault caused widespread damage. Residential buildings, industrial facilities, and critical infrastructure in regions such as Lviv, Mykolaiv, and Dnipropetrovsk were hit.

Tragically, the attack claimed several lives, including that of a Ukrainian F-16 pilot who managed to down seven air targets before his aircraft was fatally damaged. At least a dozen civilians, including children, were reported dead or injured.

The scale and reach of the attack—striking areas far from the front lines—underscore a sharp escalation in Russia’s aerial campaign. While President Putin recently expressed openness to renewed peace talks in Istanbul, the ferocity of this latest strike casts doubt on the sincerity of those overtures.

This overnight barrage not only deepens the humanitarian crisis but also signals a troubling new phase in the conflict, as both sides continue to test the limits of modern warfare.

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