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5 Things to Know Today: Key Money Headlines for Canadians

1. Spring Economic Update Lands Today Finance Minister François‑Philippe Champagne tables the 2026 Spring Economic Update this afternoon, outlining Ottawa’s latest fiscal outlook and new measures aimed at supporting Canadians amid global instability. 2. Fuel Excise Tax Temporarily Suspended Prime Minister Mark Carney has paused the federal excise tax on gas, diesel, and aviation fuel , offering short‑term relief as energy prices remain elevated due to geopolitical tensions.  3. Canada’s First Sovereign Wealth Fund Announced Carney has unveiled the Canada Strong Fund , the country’s first sovereign wealth fund, designed to finance major national infrastructure and economic‑building projects in partnership with the private sector.  4. CPP & OAS Payments Arrive Today New CPP and OAS payments are being issued today, including adjustments for seniors affected by recovery tax calculations, which are spread across monthly OAS payments.  5. Global Instability Conti...
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How to Boost Your Financial Literacy in 5 Easy Steps

Financial literacy is the ability to understand and manage your personal finances. It involves skills such as budgeting, saving, investing, borrowing, and planning for the future. Financial literacy can help you achieve your financial goals, avoid debt, and build wealth.

Why is financial literacy important?

Financial literacy is important because it can help you make informed decisions about your money. Without financial literacy, you may not know how to:

- Create and follow a realistic budget that meets your needs and wants

- Save money for emergencies, retirement, education, or other goals

- Invest your money wisely and diversify your portfolio

- Avoid scams, frauds, and predatory lending practices

- Use credit cards responsibly and pay off your debts on time

- Understand your credit score and how to improve it

- Compare different financial products and services and choose the best ones for you

- Plan for your future and protect your assets


How can you improve your financial literacy?  You can improve your financial literacy by:

- Reading books, articles, blogs, podcasts, or videos about personal finance topics

- Taking online courses or workshops on financial education

- Consulting a financial planner, advisor, or coach who can guide you through your financial journey

- Joining a community or group of people who share your financial interests and goals

- Practicing your financial skills by applying what you learn to your own situation

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