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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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Xi’s Strategic Trio: China, Russia, and India Signal a Shift in Global Power

 

                                            Putin, PM Modi and Xi Jinping at SCO Summit and Donald Trump.



At the 2025 Shanghai Cooperation Organization (SCO) summit in Tianjin, Chinese President Xi Jinping made a bold diplomatic statement by warmly engaging with Russian President Vladimir Putin and Indian Prime Minister Narendra Modi. The rare display of camaraderie — including handshakes, shared laughter, and symbolic gestures — underscored Xi’s long-term vision of building an alternative to the US-led global order.

The summit, the largest in SCO history, brought together leaders from across Asia, the Middle East, and beyond, representing nearly half the world’s population. Beyond optics, the meeting produced tangible outcomes, including a major gas pipeline deal between China and Russia, signaling deepening economic ties.

For Modi, the gathering was an opportunity to demonstrate India’s strategic flexibility amid rising tensions with Washington over tariffs and trade policy. For Putin, it was a chance to reinforce Russia’s role as a central player in a multipolar world.

Analysts say the Xi-Putin-Modi alignment, while not without underlying tensions — particularly between India and China — sends a clear message: non-Western powers are increasingly willing to coordinate in shaping the rules of global governance. Whether this emerging bloc becomes a lasting geopolitical force will depend on how these leaders navigate their competing interests in the years ahead.


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