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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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Private Donor Steps In: Pentagon Accepts $130M Gift to Fund Troop Pay Amid Shutdown

Government employees deemed essential are typically required to work without pay during a shutdown.

The Pentagon has confirmed it accepted an anonymous $130 million donation to help cover military salaries during the ongoing government shutdown. The contribution, described as highly unusual, was accepted under the Defense Department’s “general gift acceptance authority” and earmarked specifically for service members’ pay and benefits.

President Donald Trump revealed the donation during remarks at the White House, calling the donor a “patriot” and “friend of mine,” though the individual’s identity remains undisclosed. Pentagon spokesperson Sean Parnell emphasized that the funds would be directed solely toward offsetting the cost of troop compensation.

While the donation is significant, it represents only a fraction of the billions required to sustain military payrolls. The move has sparked debate in Washington, with some lawmakers raising ethical and procedural concerns about relying on private contributions to fund core government responsibilities.

The Pentagon has not indicated whether additional private donations will be sought or accepted as the shutdown continues.

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