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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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UK Hits Russia with Fresh Sanctions on Oil ‘Shadow Fleet’ and Weapons Supply Chain

 

Ukrainian Foreign Minister Andrii Sybiha, alongside Head of the Office of the President of Ukraine Andriy Yermak, welcomes British Foreign Secretary Yvette Cooper upon her arrival at a railway station in Kyiv.


The United Kingdom has unveiled a sweeping new package of sanctions aimed at tightening economic pressure on Russia, targeting both its so‑called “shadow fleet” of oil tankers and key suppliers to its weapons industry.

Announced by Foreign Secretary Yvette Cooper during a visit to Kyiv, the measures sanction 70 additional ships allegedly used to transport Russian oil in defiance of international restrictions, as well as 30 companies and individuals accused of providing electronics, chemicals, and explosives for Russian missile and weapons production.

The move comes in response to a surge in Russian drone and missile strikes on Ukraine and a recent violation of NATO airspace over Poland. Cooper described the sanctions as “the next stage in the UK’s leading efforts to ramp up economic pressure alongside our security support”.

Targets include entities based in China and Turkey, prompting diplomatic pushback from Beijing, which labelled the sanctions “unilateral actions without any basis in international law”.

With these latest measures, the UK has now sanctioned more oil tankers linked to Russia than any other country, underscoring its role in the international effort to cut off Moscow’s war financing.

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