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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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Trump Expands Crime Crackdown: Armed National Guard in D.C., Chicago and Baltimore in Sight

 

                Members of the National Guard stand watch outside of Union Station in the U.S. capital Washington.  


President Donald Trump has authorized National Guard troops patrolling Washington, D.C., to carry weapons, marking a significant escalation in his ongoing crime crackdown. The move comes two weeks after hundreds of unarmed Guard members were deployed to the capital under a declared “crime emergency.”

According to officials, troops will now carry M17 pistols or M4 rifles, with strict orders to use force only as a last resort in response to imminent threats. Trump has credited the deployment with eliminating crime in the city — a claim at odds with official data showing crime rates have been declining for months.

The president has also signaled plans to extend similar measures to other Democratic-led cities, naming Chicago and Baltimore as likely next targets. Pentagon officials have begun preliminary planning for a potential Chicago deployment, though no formal orders have been issued.

Democratic leaders, including House Minority Leader Hakeem Jeffries and Illinois Governor JB Pritzker, have condemned the proposals, arguing that Trump lacks the authority to send troops into their states without consent. Baltimore officials have also pushed back, noting that the city is experiencing its lowest homicide rate in over 50 years.

The prospect of further deployments has sparked a national debate over federal authority, public safety, and the balance between local governance and presidential power.

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