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5 Things to Know Today: The Money News Shaping Your Week

5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.
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Israeli Military Intercepts Missile from Yemen Amid Rising Regional Tensions

The Israeli military announced on Saturday that it successfully intercepted a missile launched from Yemen, marking the latest escalation in regional hostilities. The missile, reportedly fired by the Iran-backed Houthi forces, triggered air raid sirens in multiple areas across Israel but caused no casualties or significant damage.

This incident comes as the Houthis continue their campaign of missile and drone attacks against Israel, citing solidarity with Palestinians amid the ongoing conflict in Gaza. The group has vowed to expand its range of targets in response to Israel’s renewed offensive in Gaza, which resumed in mid-March following the breakdown of ceasefire negotiations.

Meanwhile, the United States has intensified its military operations against Houthi positions in Yemen, launching large-scale airstrikes aimed at reducing the group's capabilities. The strikes, ordered by U.S. President Donald Trump in March, represent one of the most significant American military interventions in the Middle East since his administration began.

As tensions continue to rise, analysts warn that the ongoing exchanges of fire could further destabilize the region, with potential implications for international security and trade routes in the Red Sea. The Israeli military remains on high alert, prepared to counter any future threats from Yemen and other hostile actors.

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