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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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Hong Kong’s Deadliest Blaze in Decades Leaves 128 Dead, Arrests Mount


                                           A huge fire burns through a high rise building in Hong Kong.

A catastrophic fire that tore through the Wang Fuk Court housing estate in Hong Kong’s Tai Po district has claimed at least 128 lives, making it one of the city’s worst disasters in nearly 80 years. The blaze, which began Wednesday afternoon, engulfed seven high-rise buildings and burned for more than 40 hours before firefighters declared it largely extinguished.

Authorities revealed that eight more individuals have been arrested in connection with the tragedy, bringing the total number of detentions to 14. Investigators are probing allegations of corruption and unsafe renovation practices, including the use of bamboo scaffolding and protective mesh that may have accelerated the spread of flames.

The devastation has left around 200 people still unaccounted for, while 79 others were injured, including 12 firefighters. Families continue to search hospitals and temporary shelters for missing loved ones, as officials warn that the death toll could rise further.

Fire Services officials reported that some alarms in the complex failed to function, raising questions about safety standards in public housing. Many of the victims were elderly residents who struggled to escape as the inferno spread rapidly from one tower to the next.

Hong Kong’s Security Chief Chris Tang confirmed that dozens of bodies remain unidentified, underscoring the scale of the tragedy. The government has pledged a full investigation, promising transparency as grieving families demand accountability.

This disaster has sparked widespread mourning across Hong Kong, with vigils planned throughout the city. As rescue teams continue their grim search, the incident highlights urgent concerns about building safety, regulatory oversight, and corruption in housing projects.

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