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5 Things Every Canadian Should Know About Their Money Today

Published: April 26, 2026 · moneysavings.ca/canadian-money-brief The week is shaping up to be a busy one for Canadian wallets. From a federal budget update to record household debt, here are the five things you need to know today. 1. The Spring Economic Update Lands Monday Finance Minister François-Philippe Champagne is set to table the Spring Economic Update 2026 on April 28 — just two days away. The government has promised to outline its plan to build "the strongest economy in the G7," with further actions to drive prosperity and support Canadians. Whether that means tax relief, new spending, or trade-war cushions, Canadians should pay close attention: what gets announced Monday could directly affect your tax bill, your mortgage rate outlook, and government benefit amounts. What to watch for: any changes to the GST/HST credit, housing incentives, or tariff-offset support for workers. 2. Your Household Debt Is Still Climbing Statistics Canada's latest data pa...
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UK and Canada’s Free-Trade Deal Talks Break Down Over Agricultural Products

 

The UK and Canada have failed to reach a free-trade deal after almost two years of negotiations. The UK was pushing to extend a temporary arrangement allowing exports of British cheese to Canada under low tariffs, similar to those enjoyed by EU members. Canada, for its part, had hoped to secure UK access for its beef and pork, which do not currently meet British regulatory standards. 

The UK government spokesperson said that Britain will only negotiate trade deals that “deliver” for its people. The breakdown in talks effectively leaves the UK at risk of being in a worse position than it was as a member of the bloc when it comes to Canada trade. The UK is Canada’s third-largest, single-country trading partner at over C$46 billion ($34 billion) a year, according to the Canadian government. The UK ranks Canada as its 18th-largest trading partner.

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