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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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Yemen’s Houthi Rebels Shoot Down US Reaper Drone: Aerial Clash Escalates Tensions

 

Yemen’s Houthi rebels have claimed responsibility for shooting down another of the U.S. military’s MQ-9 Reaper drones. The rebels released footage showing wreckage that corresponds to known pieces of the unmanned aircraft. According to the Houthis, they used a surface-to-air missile to down the Predator drone over their stronghold in the country’s Saada province. The video includes close-ups of parts with the logo of General Atomics, the manufacturer of the drone, and serial numbers matching known components made by the company.

This incident is part of a renewed series of assaults by the Houthis following a relative lull in their pressure campaign over the Israel-Hamas war in the Gaza Strip. While U.S. officials have not immediately commented on the Houthi footage, CBS News previously reported an anonymous U.S. military official acknowledging a drone crash in Yemen.

The MQ-9 Reaper drone, which costs around $30 million each, can fly at altitudes up to 50,000 feet and has an endurance of up to 24 hours before needing to land. Since the Houthis seized Yemen’s north and its capital of Sanaa in 2014, the U.S. military has lost at least five drones to the rebels, including this recent shootdown. The ongoing conflict in Yemen continues to escalate tensions in the region, with the Houthis also launching attacks on shipping in the Red Sea and Gulf of Aden, demanding an end to the war in Gaza.

As the situation unfolds, both sides remain on high alert, and the international community closely monitors developments in this volatile region. The downing of the U.S. Reaper drone adds another layer of complexity to an already fraught conflict landscape.

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