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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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Mojtaba Khamenei: The Rise of Iran’s New Supreme Leader

 

               A picture of Iran's new supreme leader, Mojtaba Khamenei, is displayed on a screen in Tehran


Mojtaba Khamenei, 56, has emerged as Iran’s new supreme leader following the assassination of his father, Ayatollah Ali Khamenei, in joint U.S.–Israeli strikes. His appointment by the Assembly of Experts comes at a moment of profound crisis for Iran, as the country faces regional war, internal instability, and intense international scrutiny. 

A Secretive Heir With Deep Establishment Ties

Mojtaba, long considered influential behind the scenes, is a mid-ranking cleric with strong connections to the Islamic Revolutionary Guard Corps (IRGC). His political rise signals continuity of Iran’s hardline establishment, despite the country’s ideological discomfort with hereditary succession. 

A Leader Shaped by Conflict and Loss

His ascension comes amid the “Ramadan War,” during which he was reportedly wounded, and after losing several family members—including his father, mother, wife, and a sister—in the same wave of strikes. These events have shaped both his public image and the narrative surrounding his leadership. 

Challenges Ahead

As supreme leader, Mojtaba inherits a nation under unprecedented military pressure and political uncertainty. His leadership will be tested by:

  • Escalating regional conflict
  • Internal dissent and economic strain
  • International isolation and threats from adversaries

Despite these challenges, his selection underscores the regime’s desire for stability through continuity, even as Iran enters one of the most volatile periods in its modern history. 


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