Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

NDP and Bloc Québécois Push for Extended $250 Payouts to Retirees


The New Democratic Party (NDP) and Bloc Québécois are urging the Liberal government to extend the recently announced $250 payouts to include retirees. The payouts, part of a broader affordability package, are currently set to be distributed to working Canadians who earned $150,000 or less in 2023.

NDP Leader Jagmeet Singh expressed concern that the current plan excludes some of the most vulnerable Canadians, including seniors and people living with disabilities. Singh emphasized the need for the government to address this oversight and ensure that all Canadians, regardless of their employment status, receive the support they need.

Bloc Québécois Leader Yves-François Blanchet echoed these sentiments, stating that his party would not support the proposal unless it is expanded to include seniors and retired Canadians. Blanchet highlighted the importance of providing financial relief to those on fixed incomes, who are often disproportionately affected by rising living costs.

The Liberal government, led by Prime Minister Justin Trudeau, has yet to respond to these calls for an expanded benefit. Deputy Prime Minister and Finance Minister Chrystia Freeland confirmed that the government is in discussions with other parties about the measures.

The outcome of these negotiations will be closely watched, as it could significantly impact the financial well-being of many Canadians.



Labels:

Comments

Post a Comment