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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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Tragedy at the Tap: Gaza Children Killed in Errant Missile Strike

In a deeply tragic incident on Sunday, an Israeli missile strike in central Gaza killed at least eight Palestinians—most of them children—who had gathered at a water distribution point in the Nuseirat refugee camp. The victims were among dozens of residents attempting to collect water amid worsening shortages caused by fuel disruptions that have crippled desalination and sanitation facilities.

The Israel Defense Forces (IDF) stated that the missile was intended to target an Islamic Jihad militant but malfunctioned, landing “dozens of metres from the target”. The IDF expressed regret for the civilian casualties and confirmed that the incident is under review.

Emergency physician Ahmed Abu Saifan at Al-Awda Hospital reported that six children were killed and 17 others injured in the strike. Witnesses described scenes of panic and devastation, with children and adults running for safety as the missile hit.

This strike comes amid a broader humanitarian crisis in Gaza, where over 58,000 people have been killed since the war between Israel and Hamas began in October 2023, according to Gaza’s Health Ministry. Talks aimed at securing a ceasefire remain stalled, with both sides divided over terms of Israeli withdrawal from the enclave.

The incident has intensified calls for accountability and renewed international concern over the safety of civilians in conflict zones.

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