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5 Things to Know Today: Key Money Stories Canadians Are Watching

  1. Fintrac Warns of Rising Extortion‑Linked Transactions Canada’s financial intelligence agency says criminal networks are increasingly using young international students to move money tied to extortion schemes, with over 63,000 suspicious transactions flagged so far in 2026 . This highlights growing fraud exposure for small businesses and households. 2. Spring Economic Update Coming April 28 The federal government will release its Spring Economic Update next week, outlining new measures aimed at strengthening Canada’s economy. Markets will be watching closely for signals on spending, deficits, and consumer‑focused affordability measures. 3. Ottawa to Announce New Homebuilding Measures The Prime Minister is set to unveil new policies to accelerate home construction in Ottawa. Any supply‑boosting measures could influence housing affordability, construction sector activity, and mortgage‑market expectations. 4. Alberta Referendum Update Expected Today Alberta Premier Danielle Smith...
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Canada's Economy Shows Modest Growth in Q3 2024



Canada's economy grew at an annualized rate of 1% in the third quarter of 2024, according to Statistics Canada. The growth was driven by increased consumer spending, particularly on new vehicles, and higher government expenditures.

Despite the positive growth, the figure fell short of the Bank of Canada's forecast of 1.5% annualized growth for the quarter. The slower business investment and lower exports also contributed to the modest growth rate. Additionally, real GDP per capita declined by 0.4%, marking the sixth consecutive quarter of per-capita GDP decline.

Economists are closely watching these trends as the country navigates through economic challenges and uncertainties. The government remains optimistic about the economy's resilience and is expected to introduce measures to stimulate further growth.




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