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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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GOP Races to Rescue Trump’s Sweeping Bill Amid Internal Discord

After a turbulent weekend marked by political infighting and procedural delays, Senate Republicans are scrambling to advance President Donald Trump’s ambitious “One Big Beautiful Bill Act” — a sweeping 940-page package of tax breaks, spending cuts, and immigration enforcement measures.

The bill, which faces unified Democratic opposition, has become a litmus test for GOP unity. Despite holding majorities in both chambers, Republicans are struggling to secure enough support within their own ranks. A dramatic late-night vote on Saturday narrowly cleared a procedural hurdle, with Vice President JD Vance on standby to break a potential tie.

The legislation includes $3.8 trillion in tax cuts and controversial reductions to Medicaid and food assistance programs. A Congressional Budget Office analysis estimates it would leave 11.8 million more Americans uninsured by 2034 and increase the deficit by $3.3 trillion over the next decade.

Senator Thom Tillis of North Carolina, who opposed the bill over its Medicaid cuts, announced he won’t seek reelection after facing pressure from Trump. Meanwhile, conservative senators are pushing for even deeper cuts, prompting Trump to warn, “Don’t go too crazy!”

With a self-imposed July 4th deadline looming, the Senate is bracing for a marathon session of amendment votes. The outcome remains uncertain — and the stakes couldn’t be higher.

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