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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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Rising Tensions in the Gulf as Trump Threatens Further Strikes on Iran

 

                            A satellite image shows an oil terminal at Kharg Island, Iran, February 25, 2026. 2026.


The geopolitical climate in the Gulf continues to intensify as U.S. President Donald Trump signals the possibility of additional military action against Iran’s Kharg Island, a critical hub for the country’s oil exports. Trump has emphasized that previous strikes have already caused extensive damage to military targets on the island, yet he warned that further attacks remain on the table. 

Amid these escalating tensions, Trump is also urging allied nations to bolster security efforts in the Strait of Hormuz, a vital maritime passage for global energy supplies. He has called for the deployment of allied warships to ensure safe navigation, as Iran threatens to disrupt shipping in response to U.S. actions. This standoff has raised concerns about potential disruptions to global oil markets and the broader stability of the region.

Iran, for its part, has vowed to intensify its retaliation, warning that any further attacks on its infrastructure could trigger strikes on U.S.-linked oil facilities across the region. As both sides harden their positions, the risk of a broader conflict looms, with no clear path toward de-escalation. 

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