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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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Flames on the Water: Iranian Strikes Challenge Trump’s Victory Claim

anian explosive-laden boats appear to have attacked two fuel tankers in Iraqi waters setting them ablaze.

Iranian attacks on oil infrastructure have intensified across the Middle East, directly contradicting President Donald Trump’s assertion that the U.S. had already “won” the conflict. Multiple reports confirm that two foreign oil tankers were set ablaze in Iraqi waters after being struck by suspected Iranian explosive‑laden boats, escalating regional tensions and disrupting vital energy routes.

The strikes have triggered significant economic and geopolitical ripples. Oil prices surged sharply—at times nearing or surpassing $100 per barrel—as Iran warned the world to prepare for prices as high as $200 per barrel. The attacks also forced the shutdown of Iraqi oil port operations and prompted nearby nations to reposition vessels for safety. 

Iran’s actions appear designed to demonstrate its continued military reach and strategic leverage, directly undermining Trump’s narrative of a swift and decisive U.S. victory. As the conflict widens, the burning tankers have become a stark symbol of a war far from resolved.

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