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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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Typhoon Kalmaegi Leaves Trail of Destruction Across Southeast Asia

Part of a damaged building blocks a road in Dak Lak, Vietnam, on Friday, after Typhoon Kalmaegi lashed the country with fierce winds and torrential rains.

Typhoon Kalmaegi has wreaked havoc across Southeast Asia, striking Vietnam after devastating the Philippines earlier this week. The storm killed at least 188 people in the Philippines and displaced hundreds of thousands, making it one of the deadliest cyclones of 2025. Floodwaters swept through Cebu province, destroying homes, vehicles, and infrastructure, while landslides buried communities under heavy rains.

By Thursday, Kalmaegi made landfall in central Vietnam with winds reaching 149 km/h (92 mph), uprooting trees, damaging homes, and cutting power to more than 1.6 million households. Authorities evacuated over half a million residents from vulnerable coastal and mountainous areas, while airports were closed and flights canceled. Despite weakening as it moved inland, the storm continued to unleash torrential rains, raising fears of flooding and landslides across provinces from Thanh Hoa to Quang Tri.

Vietnamese officials confirmed at least five deaths and several missing fishermen after boats were swept away by powerful waves. Emergency response teams remain on high alert as rivers rise and landslides threaten communities. Meanwhile, the Philippines, still reeling from Kalmaegi’s destruction, is bracing for another tropical storm expected to approach within days.

Kalmaegi’s impact underscores the growing vulnerability of Southeast Asia to extreme weather events. With 13 storms hitting Vietnam this year alone, the country faces mounting challenges in disaster preparedness and recovery. Both Vietnam and the Philippines are now racing to provide aid, restore power, and rebuild communities shattered by the storm’s fury.

This latest disaster serves as a stark reminder of the urgent need for stronger climate resilience measures in the region, as storms grow more frequent and more destructive.


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