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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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Air Canada Strike Sparks Calls to Scrap Section 107 of Labour Code

                                           

In the wake of Air Canada’s recent flight attendants’ strike, Canadian Labour Congress president Bea Bruske has declared Section 107 of the Canada Labour Code “effectively dead”. The provision, which allows the federal labour minister to order an end to strikes or lockouts in the interest of “industrial peace,” was invoked by Jobs Minister Patty Hajdu on August 16 to force binding arbitration and return crews to work.

Flight attendants defied the order, remaining on strike until a deal was reached early the following Tuesday. The breakthrough came after eight months of bargaining and included significant pay increases and new ground-time compensation.

Bruske hailed the defiance as a precedent-setting moment, arguing that the section no longer holds sway over organized labour. The Canadian Labour Congress is now calling for its removal, noting its increased use in recent years to end high-profile work stoppages.

Labour experts say the episode could prompt a rethink of how Ottawa intervenes in disputes, as the government’s back-to-work order appeared to strengthen the union’s bargaining position rather than weaken it.

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