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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 Trump Criticizes Mexico’s Sheinbaum Over U.S. Troop Offer

Former U.S. President Donald Trump has publicly criticized Mexican President Claudia Sheinbaum for rejecting his proposal to send U.S. troops into Mexico to combat drug cartels. Trump, speaking to reporters aboard Air Force One, claimed that Sheinbaum’s refusal stemmed from fear of the cartels, stating, “She is so afraid of the cartels that she can’t even think straight”.

Sheinbaum, however, has firmly defended her decision, emphasizing Mexico’s sovereignty. She reiterated that while collaboration between the two nations is possible, U.S. military presence within Mexican territory is unacceptable. “We can work together, but you in your territory and us in ours,” she stated.

Trump’s comments come amid increasing pressure on Mexico from the U.S. to intensify efforts against drug trafficking, particularly fentanyl smuggling. His administration has designated several cartels as terrorist organizations, a move that has further complicated diplomatic relations.

The exchange highlights ongoing tensions between the two leaders, with Sheinbaum maintaining that Mexico will not accept foreign military intervention, despite Trump’s insistence that U.S. troops could help dismantle cartel operations. As both nations navigate security concerns, the debate over sovereignty and international cooperation remains a focal point in their relationship.

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