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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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Iran Names New Supreme Leader Amid Escalating Gulf Strikes

                                            Ayatollah Khamenei was killed in strikes last weekend

Iran has selected a new supreme leader as the conflict engulfing the Gulf intensifies, marking a pivotal moment in a rapidly escalating regional war. According to senior Iranian officials, the Assembly of Experts has chosen a successor following the killing of Ayatollah Ali Khamenei in an Israeli strike last week, though the identity of the new leader has not yet been revealed. 

The announcement comes as Iran, the U.S., and Israel enter the ninth day of hostilities, with missile and drone attacks continuing across the Gulf. Regional states—including the UAE, Bahrain, and Kuwait—report ongoing damage to critical infrastructure as Iranian projectiles strike civilian and government sites. 

The leadership vacuum in Tehran has heightened tensions, with Israel signaling it may target any successor while Iran vows further retaliation. As diplomacy stalls and military exchanges intensify, global leaders warn that the conflict risks spiraling further without immediate de-escalation. 

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