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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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South Korea in Turmoil: President Declares Martial Law

In a shocking late-night address, South Korean President Yoon Suk Yeol declared martial law, citing the need to counter "anti-state forces" and protect the nation from North Korean threats. This unprecedented move has plunged the country into its most significant political crisis since its democratization in 1987.

The declaration, which empowers the military to shut down political activity and control media and publishers, has sparked widespread protests and intense criticism from both domestic and international communities. Lawmakers from the opposition party have condemned the move as unconstitutional and have vowed to impeach the president.

As the nation grapples with this crisis, the international community watches closely, with the US and UK expressing grave concerns and urging a peaceful resolution. The South Korean won has fallen to its lowest level since October 2022, reflecting the economic uncertainty caused by the political turmoil.

The coming days will be crucial in determining the future of South Korea's democracy and its relationship with the global community.



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