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5 Things to Know Today: Your Canadian Money Brief

  Wednesday, April 29, 2026 | moneysavings.ca/canadian-money-brief 1. The Bank of Canada Is Watching — And So Should You Markets are closely parsing every signal from the Bank of Canada ahead of its next rate announcement. With inflation holding stubbornly above target in key categories like shelter and groceries, economists are split on whether another cut is on the table or a longer hold is in store. If you're carrying variable-rate debt or sitting on a GIC renewal, now is the time to model both scenarios. What to do: Don't lock into a long-term rate product until after the next announcement. A few days of patience could save you thousands. 2. Spring Housing Market: More Listings, Less Panic After years of near-empty inventory, more Canadian sellers are finally listing — particularly in the Greater Toronto Area and Greater Vancouver. The uptick in supply is giving buyers breathing room they haven't seen since pre-pandemic times. That said, prices haven't mean...
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Markets, Tech Leaders Start Friday in the Red

 


Wall Street began the day with a cautious tone as markets dipped into the red. The S&P 500 and the Dow Jones Industrial Average both edged down by less than 0.2% during early trading. This week has been a seesaw of small gains and losses, largely influenced by a mix of economic data.

One notable report revealed that inflation at the wholesale level last month was hotter than economists had anticipated. This trend of consistently worse-than-expected inflation data has dashed earlier hopes of the Federal Reserve cutting interest rates at its upcoming meeting. However, there’s a glimmer of optimism: other reports released on Thursday hinted at some softening in the economy, suggesting that the long-term inflation trend might still be downward. Investors are speculating that the Fed may initiate three rate cuts this year, starting in June.

In pre-market trading, Adobe, the software maker, stumbled by 11.2% after providing tepid guidance, despite surpassing Wall Street’s sales and profit targets. Similarly, Ulta Beauty, the cosmetics retailer, outperformed analysts’ expectations but issued guidance that left investors wanting. Its shares slid 7.2% before the opening bell today.

Global Market Snapshot

  • In Europe, the DAX in Germany rose 0.4%, the FTSE 100 in London saw a modest uptick of less than 0.1%, and the CAC 40 in Paris jumped 0.6%.
  • In Asian trading, Tokyo’s Nikkei 225 declined 0.3% to 38,707.64. Automakers Honda and Nissan gained ground ahead of their collaboration announcement in electric vehicles and auto intelligence technology. Honda Motor Co. rose 1.7%, while Nissan Motor Co. climbed 3.2%.
  • In South Korea, the Kospi dropped 1.9% to 2,666.84. Hong Kong’s Hang Seng slipped 1.4% to 16,720.89 due to ongoing housing price declines since February. Meanwhile, the Shanghai Composite index in China edged up 0.3% to 3,054.64. China’s market watchdog emphasized the need for high-quality economic and social development by announcing tighter standards for listing companies.

In the bond market, Treasurys stabilized somewhat after Thursday’s rise, with the 2-year yield holding at 4.69% and the 10-year yield easing back to 4.27% from 4.29%.

As the dynamic market environment continues to keep investors on their toes, we’ll closely monitor economic data, corporate earnings, and global developments. Stay tuned for further updates throughout the week.

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