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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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Liberals Secure Confidence Vote as Conservatives Face Internal Strife

 


The Liberal government has successfully weathered a second confidence vote in Parliament, reinforcing its hold on power despite mounting challenges. The vote, seen as a crucial test of the government’s stability, passed with enough support to keep the administration in place.

Meanwhile, the Conservative caucus is grappling with internal divisions that have spilled into public view. Disagreements over leadership direction and party strategy have fueled turmoil, weakening the opposition’s ability to present a united front against the Liberals.

Political analysts suggest that while the Liberals’ survival underscores their resilience, the ongoing Conservative discord may further shift the balance of power in Parliament. For now, the government remains intact, but both parties face pressing questions about their future direction and unity.


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