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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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Turkey Steps Up Regional Defenses With Planned Missile Deployment to Cyprus

 

                                            A Hisar-A system being fired


Turkey is reportedly preparing to deploy Hisar surface‑to‑air missile systems to Cyprus, marking a significant escalation in regional military posturing amid ongoing Middle East tensions. 

Turkey is moving to bolster its military presence in Cyprus by deploying Hisar surface‑to‑air missile systems, according to reports from Turkish media. The move comes as regional tensions continue to rise due to ongoing conflict in the Middle East. 

The planned deployment follows the recent stationing of six Turkish F‑16 fighter jets at Ercan (Tymbou) airport in Northern Cyprus earlier in the week. These aircraft, along with the incoming missile systems, are part of Ankara’s broader strategy to enhance security for the Turkish Republic of Northern Cyprus (TRNC), a territory recognized only by Turkey. 

The Hisar missile family—comprising short‑range Hisar‑A and medium‑range Hisar‑O systems—uses infrared homing technology to track and intercept airborne threats. Reports suggest that the Hisar‑A variant is the one being deployed to the island. 

Turkey’s actions come amid increased military activity by regional and European powers following recent drone attacks linked to Middle Eastern conflicts. Ankara has stated it will take additional measures if necessary as the situation evolves. 

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