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What to Do with Your Tax Refund: 5 Smart Moves for Canadians

  Tax Season · Personal Finance By MoneySavings.ca Editorial Team • May 7, 2026 • 7 min read Tax season is wrapping up across Canada, and for millions of Canadians, that means a refund cheque — or a direct deposit — is on its way. The average Canadian tax refund hovers around $1,800. That's real money. The question is: what's the smartest thing you can do with it? It's tempting to treat a tax refund like "found money" and splurge. But here's the truth — that refund was your money all along. The government was just holding it for you, interest-free. So before it quietly disappears into day-to-day spending, let's look at five moves that will make it work harder for you. $1,800 The average Canadian tax refund — enough to make a meaningful dent in debt, pad an emergency fund, or kick-start your TFSA for the year. 1 Pay Down High-Interest Debt First If you're carrying a balance on a credit card, this should be your very first call. Most Canadian credit car...
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Stock Market Today: World shares mixed after Wall Street’s 3rd straight winning week

 

According to a news article from MSN, world shares were mixed on Monday after Wall Street closed its third straight winning week with a tiny gain. 

Germany’s DAX fell 0.1% to 15,907.92, while France’s CAC 40 gained 0.3% to 7,256.93. Britain’s FTSE 100 was down 0.3% at 7,481.86. The future for the S&P 500 and the Dow Jones Industrial Average were virtually unchanged. Japan’s Nikkei 225 index broke its September peak, hitting a 33-year high, and then fell to 33,388.03, shedding 0.6%. 

The Hang Seng in Hong Kong added 1.6% to 17,732.36, and the Shanghai Composite index advanced 0.5% to 3,068.32. China announced on Monday that it would keep its benchmark lending rates unchanged as expected due to a weaker yuan and the need to assess the impact of recent stimulus measures on the economy.

 In South Korea, the Kospi was 0.9% higher, at 2,491.20. Australia’s S&P/ASX 200 edged 0.1% higher to 7,058.40. Taiwan’s Taiex was little changed. The SET in Bangkok dropped 0.1% as the state planning agency announced Monday that Thailand’s economy grew slower than expected in the last quarter due to weakness in exports and agriculture, despite strong consumer spending and a recovery in tourism.

Markets hope inflation has cooled enough for the federal Reserve to finally stop its market-crunching hikes to interest rates


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