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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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Wall Street Futures Edge Higher as Rate Cut Hopes Build After Mild Inflation Data

 

US stock futures ticked upward Wednesday morning, buoyed by growing expectations that the Federal Reserve could lower interest rates at its September meeting following the latest inflation report.

Futures tied to the Dow Jones Industrial Average rose 0.3%, while the S&P 500 added 0.1% and the Nasdaq 100 gained 0.2%. The move comes after Tuesday’s rally, when both the S&P 500 and Nasdaq closed at record highs on the back of July’s Consumer Price Index data.

Although inflation ticked up last month, the increase was smaller than economists had forecast, reinforcing hopes that the Fed may pivot toward easing monetary policy—especially as recent labor market indicators point to cooling conditions.

Investors are now eyeing additional economic clues later this week, with the Producer Price Index due Thursday and retail sales figures on Friday. Corporate earnings remain in focus as well, with notable premarket moves from Cava, CoreWeave, and Circle following their latest results.

The combination of softer inflation, a moderating jobs market, and cautious optimism from traders has set the stage for a potentially pivotal Fed decision next month.

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