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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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UK Prison System in Crisis: Weekly Mistaken Releases Spark Alarm

Britain’s Justice Secretary and Deputy Prime Minister David Lammy speaking in the House of Commons in late October after the accidental prison release of an Ethiopian asylum seeker and convicted sex.

The UK prison system is facing mounting scrutiny after revelations that several prisoners are mistakenly released each week. More than 260 inmates were wrongly freed in the past year, highlighting deep flaws in prison management and record-keeping.

The issue came to light following the accidental release of Hadush Gerberslasie Kebatu, an Ethiopian asylum seeker convicted of sexual offences. His wrongful release triggered weeks of protests and intensified public anger over what critics describe as “utter chaos” in the justice system.

Recent incidents at HMP Wandsworth have further exposed the scale of the problem. Two prisoners, including Brahim Kaddour-Cherif, convicted of indecent exposure, and William “Billy” Smith, jailed for fraud, were both mistakenly freed within days of each other. While Smith later handed himself back in, Kaddour-Cherif remains at large, prompting a nationwide manhunt.

Officials blame the crisis on overcrowded prisons and outdated paper-based record systems, which have led to administrative blunders. Justice leaders have acknowledged the failures and promised reforms, including the introduction of digital prisoner tracking systems to prevent further errors.

With overcrowding, staff shortages, and systemic inefficiencies compounding the problem, experts warn that unless urgent reforms are implemented, the UK risks further blunders that could endanger communities and weaken the rule of law.


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