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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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Ukraine Signals Readiness for Ceasefire Amid U.S. Push for Peace

 

In a significant development, Ukraine has expressed its willingness to accept a U.S.-proposed 30-day ceasefire, contingent on Russia's agreement. This announcement follows high-level peace talks held in Jeddah, Saudi Arabia, between Ukrainian and U.S. officials. The proposed ceasefire, which could be extended by mutual consent, aims to halt hostilities and pave the way for lasting peace.

The United States has emphasized that the success of this initiative hinges on Russia's reciprocity. U.S. Secretary of State Marco Rubio remarked, "The ball is in Russia's court," underscoring the importance of Moscow's cooperation in achieving peace. The U.S. has also pledged to resume military aid and intelligence sharing with Ukraine, signaling its commitment to supporting Kyiv during this critical juncture.

The talks in Saudi Arabia also touched on broader issues, including potential prisoner exchanges and the return of Ukrainian children taken to Russia. Both sides have expressed hope that this ceasefire could serve as a stepping stone toward ending the three-year-long conflict.

As the world watches, the focus now shifts to Russia's response. Will Moscow seize this opportunity for peace, or will the conflict continue to claim lives and devastate communities? The coming days will be crucial in determining the trajectory of this war.

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