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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...
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Amazon to Close All Quebec Warehouses, Lay Off 1,700 Workers

 

Amazon Canada has announced the closure of all seven of its warehouses in Quebec, resulting in the layoff of approximately 1,700 permanent employees and 250 temporary workers. The decision, which will take effect over the next two months, is part of a strategic move to revert to a third-party delivery model.

The affected facilities include fulfillment centers in Lachine, sorting centers in Coteau-du-Lac and Longueuil, delivery stations in Laval and Lachine, and an AMXL delivery station in Longueuil. Amazon claims that this decision was made to provide more efficient and cost-effective service to customers.

However, the move comes amidst ongoing labor disputes, particularly following the unionization of workers at the Laval warehouse last year. The Confédération des syndicats nationaux (CSN) has condemned the closures, suggesting they are part of an anti-union campaign.

Amazon has assured that it will offer a package including up to 14 weeks' pay and transitional benefits to the impacted employees. Despite this, the CSN plans to challenge the closures, arguing that they violate labor laws.

This decision marks a significant shift in Amazon's operations in Quebec and raises questions about the future of labor relations in the region.




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