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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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Canada Faces Economic Crossroads Amid Trump's Tariff Escalation

 






Canada is bracing for a new wave of tariffs from U.S. President Donald Trump, set to take effect on April 2. These tariffs, described as "reciprocal," aim to match the levies imposed by trading partners on U.S. goods. Prime Minister Mark Carney has urged Canadians to prepare for the worst, emphasizing the need for retaliatory measures that minimize domestic impact while targeting U.S. vulnerabilities.

The tariffs could have sweeping consequences for Canada's economy, particularly in industries like automotive and steel. Carney has outlined plans to bolster worker protection programs and reduce interprovincial trade barriers to mitigate the fallout. Meanwhile, opposition leaders have criticized the government's handling of the situation, calling for stronger economic strategies.

As Canada navigates this challenging period, the focus remains on safeguarding jobs and maintaining economic stability. The coming weeks will be crucial in determining the nation's resilience against these trade tensions.

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