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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 Labour Market Sees Positive Growth: 37,300 New Jobs Added

 

In a welcome development for the Canadian economy, the labour market added 37,300 jobs in January. This surge in employment comes as a breath of fresh air, especially considering the challenges posed by the pandemic and economic fluctuations.

Key Highlights:

  1. Unemployment Rate Declines: The unemployment rate dipped to 5.7 per cent, marking the first decline since December 2022. This positive trend signals a potential recovery and renewed confidence in the job market.

  2. Part-Time Work on the Rise: The increase in jobs was primarily driven by a surge in part-time employment, which saw a gain of 48,900 positions. However, the number of full-time jobs experienced a slight decline of 11,600 during the same period.

  3. Economic Resilience: Despite global uncertainties, Canada’s economy continues to demonstrate resilience. The labour force’s adaptability and employers’ willingness to hire contribute to this encouraging trend.

As we move forward, it’s essential to monitor these developments closely. While the current data paints an optimistic picture, sustained efforts are necessary to ensure stable and inclusive growth.



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