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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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Global Oil Markets Rattle as Tariff Tensions Spark Price Drop



Oil prices plunged to their lowest level in five months after U.S. President Donald Trump threatened to sharply increase tariffs on Chinese imports. The announcement reignited fears of a prolonged trade war, sending shockwaves through global markets.

On Friday, West Texas Intermediate crude fell more than 4% to close at $58.90 per barrel, while Brent crude dropped nearly 4% to $62.73. Western Canada Select also slid about 3%, reflecting the broader downturn in energy markets. Analysts say the tariff threats have raised concerns about weakening global demand for oil, compounding pressure from rising OPEC production and geopolitical uncertainties.

The selloff extended beyond energy, with global stock markets also retreating as investors shifted to a risk-off stance. While lower oil prices could ease costs for consumers, the decline poses challenges for producers already navigating volatile market conditions.

For now, the energy sector faces renewed turbulence, with trade policy once again proving to be a powerful driver of global commodity prices.


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