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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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U.S. Push for Critical Minerals Intensifies on Eve of Iran Strikes

 

                                    The Pentagon building is seen in Arlington, Virginia, U.S. October 9, 2020.


The U.S. Department of Defense moved to secure fresh supplies of 13 critical minerals just one day before the United States and Israel launched strikes on Iran, underscoring Washington’s growing urgency to strengthen its industrial and military supply chains. 

The Pentagon’s request, sent to members of the Defense Industrial Base Consortium, called for proposals to mine, process, or recycle key minerals such as nickel, graphite, and rare earth elements—materials essential for producing semiconductors, advanced weapons systems, and other defense technologies. Companies were asked to submit project plans by March 20.

Officials did not indicate whether the timing was intentional, but the move highlights ongoing concerns about U.S. dependence on foreign sources for minerals widely used in modern warfare. The request also reflects a broader strategic effort to bolster domestic production capacity amid rising geopolitical tensions. 


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