Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Fed Rate Cut Looms as Job Market Cools Down


The U.S. stock market ended lower on Wednesday, as investors weighed the implications of a slowing job market for the Federal Reserve’s monetary policy. The S&P 500 index fell 0.3%, while the Dow Jones Industrial Average and the Nasdaq Composite dropped 0.4% and 0.2%, respectively.

The decline came after the release of fresh employment data that showed job openings in October fell to the lowest level since early 2021, indicating that the labor market was easing amid the pandemic. The number of hires also decreased, while the quits rate, a measure of workers’ confidence, remained unchanged at a record high.

The data reinforced the expectations that the Fed could start cutting interest rates as soon as March 2023, as inflation pressures ease and economic growth moderates. The Fed has signaled that it will end its bond-buying program by March and begin raising rates sometime next year, depending on the economic conditions.

Some analysts said that the lower stock prices reflected the uncertainty about the timing and pace of the Fed’s policy tightening, as well as the impact of the new coronavirus variant Omicron on the global economy. Others said that the market was due for a correction after reaching record highs in November.

Among the sectors, energy shares were the worst performers, as oil prices fell on the prospects of lower demand and higher supply. Megacaps such as Apple, Microsoft, Amazon, and Google also dragged the market lower, as investors rotated out of the high-growth stocks into more defensive sectors.

Labels:

Comments

Post a Comment