Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Market Turmoil: Trump’s Tariff Threats Shake Wall Street

Wall Street faced a sharp downturn on Friday as President Donald Trump announced new tariff threats targeting Apple and the European Union. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all slid significantly in response to the news.

Trump stated that Apple must pay a 25% tariff on iPhones sold in the U.S. unless they are manufactured domestically. Apple shares dropped 3% following the announcement. Additionally, Trump proposed a 50% tariff on all EU imports starting June 1, citing stalled trade negotiations.

The market reaction was swift, with futures on the Dow Jones sinking 1.5%, the S&P 500 falling 1.6%, and the Nasdaq 100 dropping 1.8%. Investors are now grappling with the potential economic impact of these tariffs, particularly as concerns over the U.S. deficit and inflation continue to mount.

With Memorial Day approaching, traders are bracing for further volatility as they assess the broader implications of Trump’s aggressive trade policies.

Labels:

Comments

Post a Comment