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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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Lobbying Surge Among Ontario Training Fund Recipients Raises Questions

David Piccini, Ontario Minister of Labour, Immigration, Training and Skills Development speaks as Ontario Premier Doug Ford listens during a funding announcement earlier this year. The government’s Skills Development Fund was criticized by the auditor general in a report Wednesday. 

Ontario’s Skills Development Fund (SDF) is under scrutiny as more grant recipients are turning to lobbyists to secure funding. Data shows that organizations receiving millions in taxpayer-funded grants have increasingly hired lobbying firms to advocate on their behalf.

In the program’s most recent round, a significant portion of the funding went to groups with political connections, raising concerns about fairness and transparency. Some organizations received large sums despite lower application scores, while others with stronger proposals were overlooked.

Critics argue that this trend suggests lobbying influence may be overshadowing merit-based decisions. Questions have also been raised about whether public money is being directed toward projects that genuinely serve workforce development, as some recipients have been linked to unconventional ventures.

The government maintains that the program is essential for addressing labour shortages and supporting Ontario’s workforce. Still, the growing reliance on lobbyists by grant recipients has sparked debate over accountability and the role of political influence in public funding decisions.


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