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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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Radar Glitch Grounds UK Flights, Sparks Nationwide Disruption

 

                                         Members of the public wait in the arrivals hall at Terminal 5 of Heathrow                                                 Airport in London

A technical failure at the National Air Traffic Services (NATS) Swanwick control centre caused widespread flight disruptions across the UK on Wednesday, July 30, 2025. Major airports including Heathrow, Gatwick, Edinburgh, and Birmingham were affected, with outbound flights temporarily grounded as engineers scrambled to resolve the issue.

The radar malfunction led to a shutdown of London’s airspace, forcing aircraft into holding patterns and delaying thousands of passengers. Although the system was restored later in the day, airlines warned that delays would persist into the evening as they worked to clear the backlog.

This incident echoes a similar outage in August 2023, which cost airlines over £100 million in compensation and refunds. Critics have called for improved contingency planning, citing the recurring nature of such failures.

Passengers are advised to check with their airlines for updated flight information as operations gradually return to normal.

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