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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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Trump to Sue BBC for Billions Over Edited Speech

 

U.S. President Donald Trump speaks to journalists aboard Air Force One en route to South Korea on October 29, 2025 in Japan.


President Donald Trump has announced plans to sue the BBC for damages of up to US$5 billion, following a controversy over the broadcaster’s Panorama documentary that featured an edited version of his January 6, 2021 speech. Trump claims the BBC “cheated” by altering his words, making it appear as though he said things he never actually did.

The fallout has already shaken the British broadcaster. BBC Director-General Tim Davie and BBC News chief Deborah Turness resigned after internal memos revealed concerns about the edits. The BBC has since issued an apology, admitting the edit was an “error of judgment,” but has rejected Trump’s demand for financial compensation.

Speaking aboard Air Force One, Trump told reporters that legal action would begin “probably sometime next week,” with damages sought between US$1 billion and US$5 billion. He added that he intends to raise the issue directly with UK Prime Minister Keir Starmer, calling the incident “embarrassing” for Britain.

The case could mark one of the largest defamation claims ever pursued against a media organization. While the BBC has acknowledged mistakes, legal experts note that proving defamation across jurisdictions may be complex. Still, Trump insists, “I think I have to do it. They changed the words coming out of my mouth”.

This lawsuit adds to Trump’s ongoing battles with major media outlets, including previous actions against the New York Times and Wall Street Journal. The BBC, largely funded by UK license fees, now faces one of its most serious crises in decades, with reputational damage already evident.


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