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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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U.S. Hits Iran’s Kharg Island Military Sites Amid Rising Oil‑Sector Tensions

 

The US bombed military targets on Kharg Island in the Persian Gulf, but spared oil infrastructure for now.


The United States has carried out airstrikes on military targets located on Iran’s Kharg Island, a strategic hub responsible for the overwhelming majority of the country’s oil exports. President Donald Trump stated that U.S. forces “obliterated” military positions on the island, emphasizing that the operation avoided damaging vital oil infrastructure. 

Kharg Island, which handles most of Iran’s crude shipments, sits at the center of global energy flows and has become a flashpoint amid escalating regional conflict. Iranian state media reported no harm to oil facilities but warned that any future attacks on its energy network would provoke retaliation.

The strike marks a significant escalation in the two‑week‑old conflict, with Washington also deploying an additional 2,500 Marines and an amphibious assault ship to the region. Analysts warn that any disruption to Kharg Island’s operations could further destabilize global oil markets already rattled by tensions in the Strait of Hormuz. 


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