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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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New Trade Clock: U.S. to Launch Canadian Tariffs Feb. 1 with Energy Levies Set for Mid-February

In a recent announcement, President Donald Trump outlined a fresh timetable for imposing tariffs on Canadian imports. According to the statement, standard tariffs on a broad range of Canadian goods are slated to begin on February 1. In a move aimed at tempering potential disruptions in the energy sector, Trump indicated that targeted levies on oil and gas products might be introduced around February 18, likely at a lower rate—around 10%—compared to the 25% tariff planned for most other products.

This staggered approach appears designed to address long-standing trade imbalances and border security issues while minimizing the shock to energy prices for American consumers. By delaying the energy-specific tariffs, the administration may be seeking additional time for negotiations with Canadian officials, who have already warned that retaliatory measures could follow if the tariffs are fully implemented.

Market analysts view the phased implementation as both a negotiation tactic and a means of reducing the immediate economic impact on sensitive sectors. Investors are now keeping a close watch on developments as uncertainty over these measures continues to influence market sentiment, with concerns over inflation and supply chain disruptions remaining high.


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