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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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Skies in Turbulence: Flight Attendant Strike Extends Into Another Week

 

Picketers march around the departures level at the Vancouver International Airport in Richmond, B.C., on Sunday, Aug. 17, 2025.


Air travelers across the country are facing continued disruptions as the nationwide flight attendant strike enters its second week. Union representatives confirmed today that negotiations with airline management remain at a standstill, with wage increases, scheduling protections, and improved working conditions still at the heart of the dispute.

Major hubs, including Toronto Pearson and Vancouver International, are reporting significant delays and cancellations. Many passengers have been forced to reschedule trips or explore alternative transportation, while airlines scramble to adjust operations.

Union leaders say the strike will continue “for as long as it takes” to secure a fair contract, while airline executives express concern about mounting operational and financial impacts. Industry analysts warn that the longer the standoff persists, the greater the strain on Canada’s already busy summer travel season.

Some travelers, despite the chaos, have expressed solidarity with cabin crew—sharing stories online of the long hours, emotional labor, and safety responsibilities flight attendants take on behind the scenes.


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