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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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Pope Leo XIV Urges Global Action to End ‘Pandemic of Arms’ After Minnesota Tragedy

 

                                            People gather as Pope Leo XIV delivers his blessing at the Vatican on Aug. 31, 2025.

 Pope Leo XIV has called for an end to what he described as the “pandemic of arms, large and small,” following a deadly shooting at a Catholic school Mass in Minneapolis. Speaking in English during his Sunday Angelus blessing from St. Peter’s Square, the first U.S.-born pontiff expressed deep sorrow for the victims and condemned the “logic of weapons” that fuels violence worldwide.

The attack, which took place at the Church of Annunciation, claimed the lives of two children and injured 20 others. The shooter fired 116 rifle rounds through the church’s stained-glass windows before dying by suicide.

Pope Leo, who initially offered condolences without political commentary, used his latest address to urge both an immediate ceasefire in global conflicts and a shift toward dialogue and peace. “The voice of weapons must be silenced, while the voice of fraternity and justice must rise,” he said.

The pontiff’s remarks come amid renewed debates over gun violence in the United States and growing calls for international cooperation to curb the spread of arms.


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