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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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Escalation Without Negotiation: Trump Signals Hardline Endgame in Iran Conflict

                                      
Smoke rises following an explosion, amid the US-Israeli conflict with Iran.

U.S. President Donald Trump has ruled out negotiating an end to the ongoing war with Iran, instead suggesting that the conflict may only conclude if Iran’s military and political leadership are entirely eliminated. Speaking aboard Air Force One, Trump stated that the current air campaign could render diplomacy irrelevant should Iran’s leadership structure collapse under sustained strikes.

According to multiple reports, Trump emphasized that he is “not interested” in talks and raised the possibility that the war would end only once Iran “no longer has a functioning military or any remaining leadership in power.” The intensifying U.S.–Israeli operations have already triggered regional instability, with explosions reported in Tehran and rising tensions along the Israel‑Lebanon border.

Iran’s president has issued apologies to neighboring countries as the conflict spills across borders, while global markets react to energy disruptions and logistical uncertainty. Analysts warn that the rhetoric from Washington signals a potentially prolonged and destructive phase of the conflict, with little indication of a diplomatic off‑ramp. 


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