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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 Takes Helm as Iran’s New Supreme Leader Amid Turmoil

 

                Mojtaba Khamenei, the second son of Iran's former Supreme Leader Ayatollah Ali Khamenei


Iran has officially named Mojtaba Khamenei, the second son of the late Ayatollah Ali Khamenei, as the country’s new supreme leader, marking a historic and controversial moment for the Islamic Republic. The decision, announced by Iranian state media, comes just over a week after Ali Khamenei was killed in joint U.S.–Israeli strikes, an event that has plunged the nation into political uncertainty and heightened regional tensions. 

Mojtaba Khamenei, a mid-ranking cleric long known for his behind-the-scenes influence, has never held elected office but has cultivated deep ties within Iran’s security establishment, particularly the Islamic Revolutionary Guard Corps. His appointment by the Assembly of Experts signals a push for continuity within the ruling elite, despite the Islamic Republic’s ideological discomfort with hereditary succession. 

The transition unfolds as Iran faces one of the most significant threats to its stability in decades, with ongoing military strikes, internal power struggles, and international scrutiny. Whether Mojtaba’s leadership will consolidate authority or intensify existing fractures remains an open question as the nation navigates this volatile chapter. 

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