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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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Cyclone Triggers Deadly Floods in Indonesia, Death Toll Rises to 303

People walk down the embankment of a river to take a boat ride across, after a bridge nearby collapsed during a flood in Bireun, Aceh province, Indonesia on November 29, 2025.

Indonesia is reeling from one of its deadliest natural disasters in recent years as the death toll from catastrophic floods and landslides has climbed to 303, according to the country’s disaster management agency. The devastation was triggered by a powerful tropical cyclone that battered several provinces, unleashing torrential rains and widespread destruction.

Entire communities have been submerged, with homes, roads, and bridges swept away. Rescue teams are working tirelessly to reach survivors, though many areas remain cut off due to damaged infrastructure. Thousands have been displaced, taking shelter in temporary camps as authorities race to provide food, clean water, and medical aid.

Officials warn that the number of casualties could rise further as search operations continue. The government has urged residents in vulnerable regions to remain vigilant, as heavy rainfall is expected to persist in the coming days.

This disaster underscores Indonesia’s vulnerability to extreme weather events, which are becoming more frequent and severe across Southeast Asia.


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