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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's Humanitarian Gambit: U.S. Steps In as Israel Eyes Gaza Takeover

 

                                             Palestinians rush to collect aid in the Gaza Strip on Tuesday   


As the humanitarian crisis in Gaza worsens, President Donald Trump is intensifying U.S. efforts to deliver aid, even as Israel considers a full military occupation of the enclave. Trump has refrained from endorsing Israel’s potential takeover, instead emphasizing food distribution and humanitarian relief. “I know that we are there now trying to get people fed. As far as the rest of it, I really can’t say. That’s going to be pretty much up to Israel,” he told reporters.

Behind the scenes, Trump and his Middle East envoy, Steve Witkoff, are reportedly planning for the U.S. to “take over” the management of aid operations, citing Israel’s inadequate response to the growing starvation crisis. Trump’s administration is coordinating with Arab states and pressing European allies to contribute financially, aiming to avoid unilateral U.S. involvement.

Meanwhile, Israeli Prime Minister Benjamin Netanyahu is pushing for a complete military occupation of Gaza, a move that has sparked international alarm. The U.N. warns such action could endanger hostages and derail prospects for a future Palestinian state.

With over 60,000 reported deaths and widespread famine, Gaza remains a flashpoint of geopolitical tension and humanitarian urgency. The coming weeks may determine whether diplomacy and aid prevail—or if military escalation takes center stage.


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