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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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Israeli Forces Claim Control of 40% of Gaza City, Signal Intensified Offensive Ahead

 

Smoke rises after an explosion in Gaza, as seen from the Israeli side of the border, September 4, 2025

 

The Israeli military announced on Thursday that it now controls approximately 40 percent of Gaza City, the largest urban center in the Palestinian territory, and intends to expand its operations in the coming days.

Brigadier General Effie Defrin, a military spokesperson, stated that the campaign will “continue to expand and intensify” with the goal of increasing pressure on Hamas “until it is defeated”. The announcement comes amid mounting international condemnation over Israel’s ongoing offensive, which has already displaced large portions of Gaza’s population and worsened an already dire humanitarian crisis.

According to Gaza’s civil defence agency, Israeli strikes on Thursday killed more than 30 people in Gaza City, contributing to at least 64 fatalities across the Gaza Strip that day. The United Nations has warned of famine conditions in and around the city, where nearly one million people remain trapped.

Despite calls from humanitarian organizations and some governments to halt the campaign, Israeli officials have indicated that the next phase of the operation could push an estimated one million Palestinians further south, away from the embattled city.


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