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You Could Be Owed Up to $5,000: The CRA Data Breach Settlement, Explained

  August 21, 2026 If you had a Government of Canada online account back in 2020, it's worth five minutes to check whether you're eligible for a payout. Claims are now open in an $8.7-million federal settlement tied to a wave of 2020 cyberattacks on Canada Revenue Agency and other Government of Canada accounts. If your CRA My Account, My Service Canada Account, or another GCKey-linked account was compromised, you may be entitled to compensation — in some cases, up to $5,000. Here's what happened, who qualifies, and exactly how to file before the deadline. What happened Between June and August 2020, hackers used "credential stuffing" — testing stolen usernames and passwords from other data leaks against government login pages — to break into thousands of Government of Canada online accounts. In some cases, attackers viewed confidential personal and financial information; in others, they used stolen access to file fraudulent claims for pandemic-era benefits like CERB...
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5 Things to Know Today: The Tariff Deadline Hits Tonight

 

August 21, 2026

Here's what's moving markets and your money today, in five minutes or less.

1. The Tariff Deadline Hits Tonight

The three-day pause President Trump granted on Tuesday runs out at the end of today. If the paperwork isn't finalized, the fallback deadline is 12:01 a.m. ET Saturday. Reported terms would cut steel and aluminum tariffs to 25% from 50% and autos to 15% from 25%, with Canada opening dairy market access and dropping retaliatory tariffs in return -- but as of last night, nothing was signed.

What it means for you: Steel, aluminum, auto, and dairy stocks (and anyone in those supply chains) are the ones to watch today. A signed deal likely steadies the loonie and the TSX; a collapse likely does the opposite.

2. The TSX Slipped to a Two-Week Low

The TSX closed Thursday at 36,365.42, down 0.10% and its lowest close in two weeks. Bank stocks fell as bond yields climbed, while gold miners and energy names rallied.

What it means for you: This is rotation, not a rout. If your RRSP or TFSA leans on bank dividends, expect a quieter week; resource-heavy funds are having a better one.

3. Walmart Had Its Worst Day in Four-Plus Years

Walmart shares tumbled Thursday after US comparable sales, excluding fuel, grew just 2.6% -- the slowest pace in more than six years -- even though total revenue beat estimates at $187.9 billion. The company pointed partly to falling prices for GLP-1 weight-loss drugs cutting into pharmacy revenue.

What it means for you: A top US retailer flagging softer spending is worth watching if you cross-border shop or hold consumer stocks -- and it hints grocery and retail price growth may be cooling faster than the headline inflation number suggests.

4. The Bank of Canada's Next Call Is 12 Days Out

The BoC's next rate decision lands September 2. Markets are pricing a strong likelihood of an eighth straight hold at 2.25%, even after July's hotter-than-expected 3.0% CPI reading.

What it means for you: Don't bank on relief. If you're on a variable rate or renewing a mortgage soon, budget around today's rates rather than a cut that isn't coming next month.

5. Oil's Climb Could Show Up at the Pump

Brent crude is near $93.78 and WTI near $86.83, a third straight session of gains as the US-Iran ceasefire remains stalled.

What it means for you: Higher crude tends to mean higher gas prices, right as the federal gas tax holiday winds toward its September 7 expiry. If you can, fill up sooner rather than later.
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