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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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Russia Reviews Nuclear Test Preparations Amid U.S. Moves

 

                                           President Vladimir Putin


Russia’s Foreign Minister Sergei Lavrov announced that work is underway on President Vladimir Putin’s directive to explore the feasibility of resuming nuclear weapons testing. The order, issued during a Security Council meeting on November 5, tasked the Foreign Ministry, Defense Ministry, intelligence services, and civilian agencies with drafting proposals on how Moscow might prepare for such tests.

Lavrov emphasized that the instruction has been formally accepted and is currently being implemented. He noted that the public will be informed once the proposals are finalized. The move comes in response to U.S. President Donald Trump’s recent statement that Washington intends to restart nuclear testing after a 30-year hiatus. Putin has previously said Russia would only resume testing if the United States takes the first step.

The development highlights growing tensions between Moscow and Washington over arms control agreements, particularly the moratorium under the Comprehensive Nuclear-Test-Ban Treaty (CTBT). While both nations have observed the moratorium for decades, Trump’s announcement has raised concerns about a potential breakdown in nuclear restraint.

For now, Russia maintains that its preparations are conditional, tied directly to U.S. actions. However, Lavrov’s remarks underscore the seriousness with which Moscow is treating the possibility of renewed nuclear competition.

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