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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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Bayrou Ousted as French PM After Crushing Confidence Vote Defeat

 

Protesters hold a banner which reads "Bye Bayrou" as they gather for a "Bayrou’s farewell party" protest in front of the city hall in Nantes, ON, September 8, 2025.



France has been plunged into fresh political turmoil after Prime Minister François Bayrou lost a high-stakes vote of confidence in the National Assembly, securing just 194 votes in favour against 364 opposed. The defeat, triggered by Bayrou himself in a gamble to push through his controversial €44 billion austerity plan for 2026, means he will now submit his resignation to President Emmanuel Macron on Tuesday.

Bayrou, a veteran centrist and Macron’s fourth prime minister in less than two years, had argued that deep spending cuts were essential to tackle France’s ballooning debt, which has reached 113.9% of GDP. His proposals — including scrapping two public holidays — provoked fierce opposition from both the far right and hard left, who united to bring down his minority government.

The loss leaves Macron facing a critical decision: appoint a new prime minister capable of navigating France’s fractured parliament, or risk further instability by calling snap elections. Names circulating for the role include Finance Minister Eric Lombard, former Socialist Prime Minister Bernard Cazeneuve, and Defence Minister Sébastien Lecornu.

Meanwhile, political tensions are spilling into the streets. Grassroots movements and trade unions have announced nationwide protests and strikes in the coming weeks, adding public unrest to the political crisis. With France’s credit rating under review and economic pressures mounting, the coming days could prove decisive for the country’s political and financial future.

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