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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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Wall Street Futures Edge Higher as November Opens With AI Momentum and Fed Watch

 


As November trading begins, U.S. stock futures are showing modest gains, extending the rally that carried markets through October. S&P 500 futures rose about 0.3%, Nasdaq 100 futures climbed 0.6%, and Dow Jones Industrial Average futures added 0.1%. The upbeat start reflects investor optimism around strong corporate earnings, enthusiasm for AI-driven growth, and expectations for Federal Reserve policy clarity.

October was a strong month for equities: the S&P 500 gained 2.3%, the Dow advanced 2.5%, and the Nasdaq surged 4.7%, marking its seventh consecutive month of gains. Much of this momentum was fueled by Big Tech and the so-called “Magnificent Seven” stocks, which continue to attract investors betting on AI’s transformative potential.

At the same time, macroeconomic uncertainty lingers. The ongoing U.S. government shutdown has delayed key economic data releases, including the monthly jobs report, leaving traders with fewer signals to gauge the economy’s strength. Additionally, the Supreme Court is preparing to hear arguments on the legality of sweeping tariffs, a development that could influence trade policy and market sentiment.

Looking ahead, earnings season remains in full swing, with hundreds of S&P 500 companies still set to report results. Investors are also closely watching the Federal Reserve, as policymakers weigh the balance between inflation control and sustaining economic growth.

In short, Wall Street is entering November with cautious optimism: strong tech earnings and AI enthusiasm are driving gains, but political and economic uncertainties remain in focus.


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