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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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Devastating Earthquake Near Everest Claims 95 Lives

 


Western China was struck by a powerful 7.1 magnitude earthquake on Tuesday morning, near the border with Nepal. The quake, centered in the Tibet region, has tragically claimed at least 95 lives and injured over 130 people. The epicenter was located about 50 miles northeast of Mount Everest causing tremors felt as far away as Kathmandu.

The earthquake has caused significant damage, with 1,000 homes destroyed and rescue efforts complicated by the remote, high-altitude location. Chinese leader Xi Jinping has called for all-out efforts to rescue survivors and minimize further casualties.

The region continues to experience aftershocks, adding to the challenges faced by rescue teams and local residents. The Mount Everest scenic area on the Chinese side has been closed, and relief operations are ongoing.

This disaster serves as a stark reminder of the ever-present seismic activity in the Himalayan region, which has seen numerous powerful quakes over the past century.




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