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5 Things Every Canadian Should Know About Their Money Today

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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Israel Orders New Evacuations in Rafah as it Prepares to Expand Military Operations

 

In a significant development, Israel has ordered new evacuations in Gaza’s southern city of Rafah. Tens of thousands of people are being forced to move as the Israeli military prepares to expand its operations closer to the heavily populated central area. This move comes despite growing pressure from close ally the United States and other international actors.

The situation in Rafah is critical. Israel has already evacuated the eastern third of the city, which is considered the last refuge in Gaza. However, the United Nations and other agencies have warned that a full-scale invasion of Rafah would have dire consequences for humanitarian operations and could lead to a surge in civilian casualties. Rafah shares a border with Egypt near the main aid entry points, which have already been affected by the conflict.

U.S. President Joe Biden has taken a firm stance, stating that offensive weapons will not be provided to Israel for its operations in Rafah. The U.S. report also highlighted “reasonable” evidence that Israel breached international law protecting civilians during its war against Hamas. In response, Israel emphasized its compliance with the laws of armed conflict and its efforts to minimize civilian casualties.

More than 1.4 million Palestinians—half of Gaza’s population—have sought refuge in Rafah, most of them fleeing Israel’s offensives elsewhere. The ongoing evacuations are forcing people to return north to areas that have already been devastated by previous Israeli attacks. Displaced residents are grappling with the difficult decision of leaving their homes in search of safety. As one Rafah resident put it, “The Israeli army does not have a safe area in Gaza. They target everything” .

The situation remains tense, and the international community closely watches the developments in Rafah. The impact on civilians and humanitarian operations cannot be overstated, and efforts to find a peaceful resolution continue amidst the escalating conflict.


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