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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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Drone Barrage and Dismissal: Russia Escalates Strikes as Kremlin Shakes Up Cabinet

In a dramatic escalation of hostilities, Russia launched over 100 drones at civilian areas across Ukraine overnight, resulting in the deaths of at least 10 civilians and injuries to 38 others, including children. The attacks, which targeted cities such as Odesa, Kharkiv, Kyiv, and Sumy, mark one of the most intense aerial offensives in recent months. Ukrainian President Volodymyr Zelenskyy reported that in the past week alone, Russia has deployed approximately 1,270 drones, 39 missiles, and nearly 1,000 glide bombs.

The strikes come amid growing pressure on Ukraine’s defenses, with Kyiv urgently seeking additional military aid and ramping up domestic drone production to counter Russia’s long-range Shahed drones.

Meanwhile, the Kremlin dismissed Transport Minister Roman Starovoyt following a weekend of widespread travel disruptions across Russia. Nearly **1,900 flights** were delayed or canceled at major airports, including Moscow and St. Petersburg, due to Ukrainian drone threats. While no official reason was given for Starovoyt’s removal, analysts link the decision to the mounting logistical chaos and public frustration over the Kremlin’s handling of airspace security.

The dual developments underscore the intensifying nature of the conflict and the growing role of drone warfare in shaping both battlefield dynamics and domestic political fallout.

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