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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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Southern Europe Battles Intense Heat Wave: Acropolis Closed, Firefighters Perish in Italy

 

A severe heat wave sweeping across southern Europe has led to significant disruptions and tragic losses. In Greece, authorities were compelled to close the Acropolis, the nation’s most iconic cultural site, for several hours on Wednesday due to soaring temperatures. Tourists visiting the Parthenon temple atop the Acropolis faced extreme heat, with temperatures forecasted to reach up to 42°C (107°F) in some areas.

Meanwhile, in Italy, the heat wave has had deadly consequences. Two firefighters tragically lost their lives while combating a fire in the Basilicata region. The Italian government has issued severe heat warnings for multiple cities, including Palermo and Sicily, urging residents, especially the elderly, to stay indoors.

The heat wave, driven by hot air masses from Africa, is expected to persist through the weekend, with temperatures potentially peaking at 43°C (109°F). Other countries in the region, such as Albania and North Macedonia, are also grappling with wildfires and extreme heat, prompting emergency responses and international assistance.

As southern Europe continues to endure these extreme conditions, authorities are taking measures to protect both residents and tourists from the relentless heat.



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