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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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Stock Market Update: Retailers’ Holiday Numbers Impact Wall Street

 



Wall Street experienced a modest decline today as retailers unveiled their holiday season results. Investors closely monitored these figures, seeking insights into consumer sentiment and economic health. Here are the key highlights:

  1. Retail Earnings: Several major retailers reported their latest quarterly earnings. Among them:

    • Target: The retail giant exceeded expectations with a 58% increase in fourth-quarter profits. Cost-cutting measures and efficient inventory management contributed to this impressive performance. Target’s stock surged by 8.5% before the opening bell today.
    • Costco Wholesale, Gap, and Nordstrom also disclosed their holiday numbers, providing further context on consumer spending trends.

  2. Market Sentiment: Momentum in U.S. stocks has slowed after reaching record highs. Factors influencing market sentiment include:

    • Inflation: Signs of cooling inflation have prompted speculation about potential interest rate cuts.
    • Economic Resilience: Despite recession predictions, the U.S. economy remains resilient.

  3. Upcoming Events: This week holds critical events that could sway the market:

    • Fed Chair Jerome Powell’s Testimony: On Wednesday, Powell will testify before a House committee on monetary policy. His remarks may shed light on the Fed’s next move.
    • Jobs Report: Friday’s report will reveal the state of the U.S. job market.

  4. Global Markets: European indices rebounded midday, with Germany’s DAX, France’s CAC 40, and Britain’s FTSE 100 recovering from earlier losses.

As investors await further developments, Wall Street remains cautiously optimistic. Keep an eye on earnings reports and central bank communications for clues about the market’s direction.


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