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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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"Ontario Braces for Massive Snow Squalls: Up to a Metre of Snow Expected"


Ontario is currently experiencing intense snow squalls, with some areas expected to receive up to a metre of snow by the end of the weekend. The multi-day lake-effect snow event began late Thursday and is predicted to continue through Sunday.

Meteorologists have issued snow squall warnings for several regions, including Cottage Country from Kincardine to Dundalk, Parry Sound to Barrie, and Sault Ste. Marie. The coldest air of the season is stirring up the lake-effect snow machine, leading to peak snowfall rates of 5-10 centimetres per hour.

Travel is expected to be hazardous due to sudden changes in weather, near-zero visibility, and possible road closures. Drivers are urged to plan ahead and be prepared for deteriorating conditions.

While the snowfall is great news for Ontario's ski resorts, it poses significant challenges for commuters and residents in affected areas.



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