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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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Trudeau Announces High-Speed Rail Line Between Quebec City and Toronto

 

In a landmark announcement, Prime Minister Justin Trudeau revealed plans for a high-speed rail line connecting Quebec City and Toronto. The project, which is set to be the largest infrastructure undertaking in Canadian history, aims to revolutionize travel between these major cities.

The selected consortium, Cadence, will co-design, build, finance, operate, and maintain the high-speed rail line. The train is expected to travel at speeds of up to 300 kilometers per hour, significantly reducing travel time between Montreal and Toronto to just three hours.

The rail line will feature stops in key cities including Trois-Rivières, Laval, Ottawa, and Peterborough, enhancing connectivity across the region. The project is anticipated to boost economic growth, create thousands of jobs, and reduce emissions

The design phase is expected to take four to five years, with construction commencing thereafter. While the project has garnered significant support, its future will depend on continued funding and political backing.

This high-speed rail line promises to be a game-changer for Canadians, offering a faster, more efficient, and environmentally friendly mode of transportation.

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