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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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Diplomatic Tensions Rise as Canadian PM Criticizes UK’s Invitation to Trump

Canadian Prime Minister Mark Carney has voiced strong disapproval of the United Kingdom’s decision to invite former U.S. President Donald Trump for a second state visit. Carney stated that the move undermines Canada’s efforts to maintain a united front against Trump’s controversial remarks about Canadian sovereignty.

Since taking office in January, Trump has repeatedly suggested that Canada should become the 51st U.S. state, a notion that has sparked outrage among Canadians. Carney, who recently won Canada’s election by campaigning against Trump’s rhetoric, expressed that Canadians “weren’t impressed” by the UK’s gesture, particularly given the ongoing tensions surrounding sovereignty.

The invitation was reportedly extended by British Prime Minister Keir Starmer during his visit to the White House earlier this year. Meanwhile, King Charles, who is also Canada’s head of state, is set to visit Ottawa later this month to attend the state opening of Parliament—a move Carney described as a reaffirmation of Canada’s sovereignty.

The UK’s decision to host Trump again has raised concerns about its diplomatic balancing act between Canada and the U.S., as Britain seeks to strengthen trade ties with Washington following Brexit. While Carney refrained from directly criticizing the UK government, he made it clear that the timing of the invitation was far from ideal.

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