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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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Putin Warns Europe of Potential Gas Cut Amid Middle East Turmoil

 

Russia is signaling that it may halt natural gas supplies to Europe as energy markets reel from the escalating crisis in Iran. President Vladimir Putin warned that soaring oil and gas prices—driven by conflict involving Iran, the U.S., Israel, and Gulf states—have created conditions in which Moscow could redirect its fuel exports to more lucrative markets.

The turmoil has disrupted key energy routes, including shipping through the Strait of Hormuz, and forced shutdowns of major facilities such as Qatar’s LNG production and Saudi Arabia’s largest oil refinery. These disruptions have intensified global supply pressures, pushing prices sharply higher. 

Putin linked the potential cutoff to the European Union’s ongoing efforts to phase out Russian gas, including bans on new LNG contracts and a planned end to pipeline imports by 2027. With Europe moving away from Russian energy, he suggested that Russia could pivot toward buyers willing to pay premium prices, particularly in Asia. 

The warning underscores how geopolitical tensions in the Middle East are reshaping global energy flows and amplifying Europe’s vulnerability as it transitions away from Russian fuel.

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