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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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                                            Prime Minister Mark Carney

Prime Minister Mark Carney has unveiled an ambitious plan to double Canada’s non-U.S. exports within the next decade, declaring that the country must “play to win” in an increasingly uncertain global economy.

In a nationally televised address, Carney argued that Canada’s heavy reliance on the United States has become a vulnerability, particularly as U.S. tariffs on key industries such as autos, steel, and lumber continue to disrupt investment and threaten jobs. He warned that the era of deep economic integration with Washington is over, and that Canada must diversify its trade relationships to secure long-term prosperity.

The strategy, to be detailed in the upcoming federal budget, will focus on expanding trade with Europe, Asia, and emerging markets. Carney promised unprecedented levels of private-sector investment, backed by government measures to strengthen Canadian industries and reduce exposure to U.S. trade shocks.

“Fortune favours the bold,” Carney said, urging Canadians to embrace a more competitive and outward-looking economic vision.

Analysts note that while the goal is ambitious, success will depend on Canada’s ability to negotiate new trade agreements, support exporters, and adapt to shifting global supply chains.


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