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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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Deadly Russian Strikes Shadow Zelensky’s Peace Mission in Turkey

 

Ukrainian rescue personnel and medics operate at the site of a heavily damaged residential building following Russian air strike in the city of Ternopil, on November 19, 2025.


A devastating Russian drone and missile barrage struck western Ukraine overnight, killing at least 25 people, including three children, and injuring more than 70 others. The attack targeted two nine-story apartment blocks in the city of Ternopil, located about 200 kilometers from the Polish border. Ukrainian Interior Minister Ihor Klymenko reported that many victims were burned alive, and dozens remain missing as emergency crews continue to sift through the rubble.

The assault coincided with Ukrainian President Volodymyr Zelensky’s arrival in Turkey, where he is meeting President Recep Tayyip Erdoğan in an effort to revive stalled peace talks. Zelensky condemned the strikes, writing that “every brazen attack against ordinary life shows that the pressure on Russia is insufficient.” His visit to Ankara underscores Ukraine’s urgent push for stronger international support as Russia intensifies its campaign of aerial bombardments.

The Ternopil strike is one of the deadliest attacks in weeks, hitting far from the frontlines and highlighting Moscow’s ability to target civilian areas deep inside Ukraine. Rescue workers described scenes of chaos, with fires engulfing residential buildings and chlorine levels in the air spiking dangerously after explosions ripped through the city.

Meanwhile, Zelensky’s diplomatic mission faces uncertainty. Reports suggest that key international envoys, including representatives from the United States, may not attend the Turkey talks, raising doubts about the prospects for meaningful progress.

This latest tragedy illustrates the dual battle Ukraine faces: defending its people against relentless Russian strikes while simultaneously seeking a diplomatic path to end the war. As Zelensky presses for peace abroad, the destruction in Ternopil serves as a grim reminder of the human cost of the conflict.

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