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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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UN Report Accuses Israel of 'Extermination' in Gaza Schools and Religious Sites

A recent report by the United Nations Independent International Commission of Inquiry has accused Israel of committing the crime against humanity of "extermination" in Gaza. The report states that Israeli forces targeted civilians sheltering in schools and religious sites, leading to widespread destruction and loss of life.

The commission, chaired by former UN High Commissioner for Human Rights Navi Pillay, highlighted that over 90% of Gaza’s school and university buildings and more than half of all religious and cultural sites have been destroyed. The report describes these actions as part of a "concerted campaign to obliterate Palestinian life".

Israel disengaged from the UN Human Rights Council earlier this year, citing bias. Israeli officials have previously dismissed similar accusations as "biased and antisemitic". The conflict, which began in October 2023 following a Hamas-led attack on Israel, has resulted in over 54,000 Palestinian deaths, according to Gaza health authorities.

The commission's findings have intensified international scrutiny, with calls for Israel to cease attacks on educational, cultural, and religious institutions. The report is set to be presented to the UN Human Rights Council on June 17.

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