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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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Black Sea Escalation: Ukraine and Russia Trade Drone Strikes After Failed Peace Talks

 

Just hours after another round of fruitless peace negotiations in Istanbul, Ukraine and Russia launched retaliatory drone strikes along each other’s Black Sea coastlines, marking a sharp escalation in their ongoing conflict.

Russian forces targeted Ukraine’s historic port city of Odesa, injuring at least four civilians and igniting multiple fires. Among the damaged sites was the Pryvoz market, a cultural landmark described by local officials as “the living heart of Odesa.” The city’s UNESCO-listed center also sustained damage, with residents seen sweeping shattered glass from the streets by morning.

In response, Ukrainian drones struck Russia’s Krasnodar region, killing one woman and injuring another in Sochi’s Adler district. A drone also hit an oil depot in the Sirius federal district, prompting a temporary shutdown of Sochi Airport for four hours.

Beyond the Black Sea, Russia launched additional strikes on Cherkasy, wounding seven people, including a child, and damaging over a dozen apartment buildings. Ukrainian President Volodymyr Zelenskyy condemned the attacks, stating that Russia responded to ceasefire proposals with drone assaults on civilian infrastructure.

The Istanbul peace talks, which lasted just 40 minutes, yielded limited progress. While both sides discussed further prisoner exchanges, they remained deeply divided on ceasefire terms and the possibility of a Putin-Zelenskyy summit.

As diplomatic efforts falter, both nations continue to target energy and military infrastructure deep within enemy territory. The latest attacks underscore the growing vulnerability of civilian populations and the diminishing prospects for a negotiated resolution to the 29-month-old war.


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