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Lock In or Stay Variable? What Every Canadian Homeowner Must Decide Before April 29

   Bank of Canada headquarters, Ottawa. Overnight rate held at 2.25% since October 2025. Next decision: April 29, 2026.  The Bank of Canada has held its rate at 2.25% for three straight decisions — but with inflation creeping back up, a Middle East conflict pushing oil prices, and over one million mortgage renewals on the horizon, the stakes of getting this wrong have never been higher. The Canadian Money Brief April 25, 2026 6 min read THE CANADIAN MONEY BRIEF BANK OF CANADA 2.25% 2.25% POLICY RATE HELD SINCE OCT. 2025 · THIRD CONSECUTIVE HOLD NEXT DECISION: APR. 29, 2026 If your mortgage is coming up for renewal in the next six to eighteen months, the question keeping you up at night is probably this: do I lock in a fixed rate now — or do I ride out a variable rate and hope the Bank of Canada does something helpful? It's the right question to be asking. And right now, the answer is more complicated — and more consequential — than it has been in years. The Bank of Canada...
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Canada’s Job Market Slows Down in October



Canada's job market showed signs of slowing down in October, as the economy added fewer jobs than expected and the unemployment rate rose to its highest level in 21 months.

 According to a Reuters report, the Canadian economy added a net 17,500 jobs in October, which is lower than the consensus forecast of 22,500. The gains were mostly in part-time work, while full-time employment declined slightly. The construction sector and the information, culture and recreation sector were the main contributors to the job growth, while retail trade and manufacturing lost workers.

The jobless rate increased by 0.2 percentage points to 5.7%, the fourth monthly rise in the past six months. The increase was partly due to more people entering the labor force, which grew by 57,800 in October. The unemployment rate is now at the highest level since January 2022, when it was 6.5%. 





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