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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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Senate Defies Trump, Advances $1 Billion Ukraine Aid Package

 

In a decisive move, the U.S. Senate Appropriations Committee has approved a military spending bill that includes $1 billion in aid for Ukraine, countering President Donald Trump's request to eliminate such funding.

The committee voted 26-3 in favor of the $852 billion defense budget for fiscal year 2026, which is $21.7 billion more than Trump’s proposed allocation. The package includes:

  • $800 million for the Ukraine Security Assistance Initiative (USAI)
  • $225 million for the Baltic Security Initiative, much of which supports Ukraine indirectly

Senator Mitch McConnell, chair of the defense subcommittee, emphasized the strategic importance of Ukraine, calling it “the Silicon Valley of warfare” due to its pioneering use of drone technology. He warned that disengaging from Ukraine would “undermine our military’s efforts to prepare for the modern battlefield.”

Despite Trump's earlier opposition to continued military aid, recent frustrations with Russia’s refusal to agree to a ceasefire have led to a shift in tone. Trump has threatened new sanctions and set deadlines for Moscow to show progress toward ending the war.

The bill must now pass the full Senate and be reconciled with the House version, which currently lacks Ukraine funding, before heading to the White House for Trump’s signature or veto.


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