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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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Defiant Stance: Kremlin Rejects Sanctions as Catalyst for Change

 

                                            A view of the the Kremlin in Moscow

In a bold declaration, the Kremlin has reaffirmed its unwavering position on the war in Ukraine, stating that no amount of Western sanctions will compel Russia to alter its course. The statement came just hours after both the United States and the European Union signaled intentions to impose additional economic restrictions in response to Russia’s escalating military actions.

Kremlin spokesperson Dmitry Peskov emphasized that President Vladimir Putin’s stance remains resolute, asserting, “No sanctions will be able to force the Russian Federation to change the consistent position that our president has repeatedly spoken about”. Despite facing tens of thousands of sanctions since the 2022 invasion of Ukraine and the earlier annexation of Crimea, Russia claims its economy has weathered the storm—buoyed by wartime spending and strategic defiance of Western pressure.

The announcement follows a weekend of intensified conflict, including Russia’s largest aerial assault of the war, which targeted key infrastructure in Kyiv and left several civilians dead. While U.S. President Donald Trump has hinted at a “second phase” of sanctions, and EU leaders are coordinating closely with Washington, Moscow remains dismissive of their impact.

As diplomatic avenues stall and military operations continue, Russia’s message is clear: economic punishment will not deter its ambitions. The international community now faces the challenge of recalibrating its strategy in the face of Russia’s hardened resolve.

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