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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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Icy Monday Ahead: Freezing Rain Threatens Ontario's Commutes


As southern Ontario braces for a pattern change, commuters should be wary of freezing rain that is expected to make roads slippery on Monday. Warmer air moving into the region will clash with stubborn cold air near the surface, creating conditions ripe for ice formation.


Areas at Highest Risk:

- Northern Greater Toronto Area (GTA)

- Cottage country

- Eastern Ontario, including Orangeville, Barrie, and Peterborough


Timing:

- Ice accretion will coincide with the morning commute and continue into the early afternoon before transitioning to rain.

- Central Ontario and the Nickel Belt may experience icing through the evening, potentially turning back to snow.


Precautions:

- Expect slow and messy commutes due to slippery road conditions.

- Environment and Climate Change Canada has issued widespread freezing rain warnings.


Stay tuned to local weather updates and drive safely!



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