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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 Rise Ahead of Thanksgiving Holiday

 


US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3%.

The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%), marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified.

Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December, which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment.

Through the first two trading days of this holiday-shortened week, the Nasdaq has gained 3.4%, the S&P 500 is up 2.5%, and the Dow has risen 1.9%. With markets closed on Thursday for Thanksgiving and operating on shortened hours Friday, traders are positioning for what could be a fourth straight day of gains.

In summary, Wall Street is entering the holiday period with renewed confidence, buoyed by tech strength, easing inflation signals, and expectations of Fed policy support.

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