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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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Ontario Braces for Record Cold Before Snowstorm Hit

Ontario is currently experiencing an Arctic chill with wind chill values plunging into the -30s and -40s, prompting widespread extreme cold warnings. The frigid temperatures have already led to road and school closures in some areas. 

However, relief is on the horizon as a weak clipper system is expected to move across the region Wednesday night and Thursday, bringing a few centimetres of snow to the Greater Toronto Area (GTA). Between 5-10+ cm of snow could fall locally, especially in areas experiencing lake enhancement.

While the deep freeze is expected to break by the weekend, bringing more comfortable weather, drivers are urged to plan ahead and brace for slower commute times due to slick conditions. 




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