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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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Chemical Plant in Sarnia Temporarily Shuts Down After High Benzene Levels Detected Near Ontario First Nation

 

Days after high levels of the cancer-causing chemical benzene were detected on the northern border of Aamjiwnaang First Nation, a chemical plant in Sarnia is shutting down. INEOS Styrolution, a chemical manufacturer, informed Global News via email that it has halted operations to perform maintenance and address a mechanical issue. The benzene levels reached 115 ug/m³ (micrograms per cubic meter) on April 16, exceeding Ontario’s annual average limit of 0.45 ug/m³ for benzene.

Dozens of Aamjiwnaang First Nation residents reported feeling ill, and an unknown number were hospitalized. The First Nation’s Chief and a representative from its Environment Department have called for the provincial government to shut down the facility until benzene emissions cease and have hinted at potential legal action. The Ministry of the Environment, Conservation and Parks issued a provincial order against INEOS, requiring the company to create a written plan to address the high levels, implement new procedures to warn the public about toxic emissions, and investigate the apparent source of the chemical leak.

At the federal level, Environment Canada has an open enforcement file related to the INEOS facility under the Environmental Emergencies regulations. David R. MacDonald, the operations manager and interim site director for INEOS Styrolution, stated that the company was “carefully reviewing” concerns raised by Aamjiwnaang First Nation regarding benzene readings from the INEOS site.

Ensuring the health and safety of employees and the community remains paramount, and operations will resume once the issue is addressed. The situation highlights the importance of monitoring and addressing chemical emissions to protect both human health and the environment.

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