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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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Trump Adjusts Auto Tariffs to Support U.S. Car Industry


In a move aimed at bolstering the U.S. automotive sector, President Donald Trump announced adjustments to tariffs on imported cars and parts. The changes, revealed on April 29, 2025, are designed to alleviate the financial strain on domestic automakers while encouraging local manufacturing.

The revised policy prevents the stacking of multiple tariffs, such as those on steel and aluminum, on top of the existing 25% levy on foreign-made vehicles. Additionally, automakers will receive temporary reimbursements for tariffs on imported parts, with the offset gradually decreasing over the next two years. This measure is expected to mitigate production costs and stabilize car prices for consumers.

Industry leaders, including Ford and General Motors, have welcomed the decision, citing its potential to safeguard jobs and maintain competitiveness. The administration emphasized that the adjustments align with its broader goal of revitalizing U.S. manufacturing and reducing reliance on foreign imports.

The announcement underscores the administration's commitment to supporting the domestic auto industry while navigating the complexities of global trade.

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