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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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Markets Rebound as Hopes Rise for End to Iran Conflict

North American stock indexes staged a sharp turnaround Monday after President Trump suggested the war with Iran could be nearing its end, easing investor fears and lifting major benchmarks into positive territory. 

Markets Snap Back Into the Green

  • U.S. markets recovered from steep early losses, with the Nasdaq Composite climbing over 1.5%, leading the rebound.
  • The Dow Jones Industrial Average jumped 0.7%, reversing a drop of more than 800 points earlier in the session.
  • The S&P 500 gained 0.9%, also turning positive by afternoon trading. 

Oil Prices Ease After Surging

Crude oil, which had earlier spiked above $100 per barrel amid conflict-driven supply fears, pulled back following Trump’s remarks that the U.S. was “very far” ahead of its 4–5 week timeline for ending the war.

Canadian Markets Follow the Uptrend

Canada’s TSX Composite Index rose 0.32%, supported by gains in major energy names such as Suncor and Canadian Natural Resources. 

What’s Driving the Optimism?

Investors reacted swiftly to Trump’s comments hinting at a potentially quicker resolution to the Iran conflict, a development that could stabilize energy markets and ease inflation concerns. The shift in tone helped restore confidence after days of volatility driven by soaring oil prices and geopolitical uncertainty. 


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