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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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Regional Tensions Erupt as Iran Strikes Back After Massive Assault

 

              The Thailand-flagged cargo ship Mayuree Naree engulfed in black smoke in the Strait of Hormuz

Iran launched a series of retaliatory strikes on military bases and naval vessels across the region following what officials in Tehran described as the most intense wave of attacks on its territory in years. The escalation marks one of the most dangerous moments in the ongoing confrontation, raising fears of a broader conflict that could destabilize the Middle East.

According to regional sources, Iran targeted multiple sites linked to foreign forces, including positions believed to support recent operations against Iranian infrastructure. While the full extent of the damage remains unclear, early reports suggest both sides sustained losses, and several governments have begun urgent diplomatic consultations.

Iranian officials framed the response as a necessary act of self‑defense, insisting that continued pressure would be met with “decisive and proportional” action. Meanwhile, international observers warn that the cycle of retaliation risks spiraling beyond the control of any single actor.

As governments call for restraint, analysts note that the coming days will be critical in determining whether the situation cools or accelerates toward a wider confrontation.


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