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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 Rejects Claims of Attacks on Cyprus

 

                                            Iranian Foreign Ministry Spokesman Esmaeil Baghaei


Iranian Foreign Ministry spokesman Esmaeil Baghaei has firmly denied reports that Iran launched any attacks toward Cyprus, Turkey, or Azerbaijan in recent days. Speaking at a press briefing, Baghaei stated that “no offensives were initiated from Iranian territory” and suggested that some of the alleged strikes may have been “staged” to create tension between Iran and neighboring countries. 

Baghaei reiterated that Iranian forces did not fire drones or missiles at any of the three nations, countering accusations—particularly from Azerbaijan—that Iranian drones had crossed into its territory. He emphasized that Iran’s defensive actions should not be interpreted as hostility toward regional states and warned that adversaries might be attempting to “drive a wedge” between Iran and its neighbors through fabricated incidents.

The spokesperson’s remarks come amid heightened regional tensions and conflicting reports about drone activity near borders. Iran maintains that any claims of aggression are unfounded and part of broader misinformation efforts. 

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