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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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Israeli Tanks Push Into Gaza City as Trump Prepares White House War Talks

                        An Israeli tank manouvres at the Israel-Gaza border, as seen from Israel, August 26, 2025.

Israeli tanks advanced into the Ebad-Alrahman neighborhood on the northern edge of Gaza City late Tuesday, shelling homes and forcing residents to flee deeper into the city. The move comes as U.S. President Donald Trump readies a White House meeting to discuss the ongoing war and potential post-war plans for Gaza.

Witnesses described sudden explosions and mass displacement, with church leaders vowing to remain in place despite evacuation orders, citing the dangers of fleeing south. The Israeli military has framed the operation as part of a broader push to dismantle Hamas’ remaining strongholds, while aid agencies warn of worsening humanitarian conditions amid a UN-declared famine in Gaza governorate.

Trump’s special envoy, Steve Witkoff, said Washington expects the conflict to be resolved by year’s end, though Israel has yet to respond to a Hamas-accepted ceasefire proposal. Meanwhile, protests in Israel continue to demand an end to the war and the release of hostages still held in Gaza.


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