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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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Tens of Thousands of Israeli Reservists Mobilized as Gaza City Offensive Nears

 

Displaced Palestinians take shelter in Gaza City where the Israeli forces are expected to escalate operations


Tens of thousands of Israeli reservists have begun reporting for duty as the military prepares for a major offensive in Gaza City, a move Prime Minister Benjamin Netanyahu has ordered to accelerate despite warnings from senior military officials.

According to Israeli Army Radio, around 40,000 reservists are joining the operation, with logistical preparations underway for their deployment. The planned assault aims to seize Gaza City — described by Israel as Hamas’ last stronghold — following months of intense fighting that has left much of the Gaza Strip in ruins. Israel currently controls about 75% of the territory.

The mobilization comes amid internal tensions, with military chief Lt. Gen. Eyal Zamir cautioning that the campaign could endanger hostages still held in Gaza and further strain the army’s resources. Some reservists have also voiced frustration over what they see as a lack of a clear post-war strategy.

Meanwhile, airstrikes across the enclave have intensified, killing at least 25 people on Tuesday, including 16 in Gaza City, according to local health authorities. Humanitarian agencies warn that a full-scale assault could trigger another wave of mass displacement and worsen already dire conditions for civilians trapped in the city.


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