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Lock In or Stay Variable? What Every Canadian Homeowner Must Decide Before April 29

  Lock In or Stay Variable? What Every Canadian Homeowner Must Decide Before April 29 The Bank of Canada has held its rate at 2.25% for three straight decisions — but with inflation creeping back up, a Middle East conflict pushing oil prices, and over one million mortgage renewals on the horizon, the stakes of getting this wrong have never been higher. The Canadian Money Brief April 25, 2026 6 min read THE CANADIAN MONEY BRIEF BANK OF CANADA 2.25% 2.25% POLICY RATE HELD SINCE OCT. 2025 · THIRD CONSECUTIVE HOLD NEXT DECISION: APR. 29, 2026 Illustration: Bank of Canada headquarters, Ottawa. Overnight rate held at 2.25% since October 2025. Next decision: April 29, 2026. | The Canadian Money Brief If your mortgage is coming up for renewal in the next six to eighteen months, the question keeping you up at night is probably this: do I lock in a fixed rate now — or do I ride out a variable rate and hope the Bank of Canada does something helpful? It's the right question to be asking. And r...
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Global Technology Outage Causes Major Disruptions Worldwide

 


A widespread technology outage on July 19, 2024, has caused significant disruptions across various sectors globally. The outage, primarily affecting Microsoft services, grounded flights, knocked banks and hospital systems offline, and took media outlets off the air.

The issue, which was not a result of a cyberattack, stemmed from a faulty update deployed by cybersecurity firm CrowdStrike. This update affected computers running Microsoft Windows, leading to cascading problems in airline communications, banking systems, and media broadcasting.

Airlines in the U.S., Europe, and Asia experienced severe delays as they lost access to check-in and booking services. Banks in South Africa and New Zealand reported outages in their payment systems, while hospitals and doctor’s offices faced challenges with appointment systems. Media outlets in Australia were pushed off air for hours.

Microsoft has been working to reroute impacted traffic to alternate systems to alleviate the issue and has observed a positive trend in service availability. However, the disruptions have highlighted the global dependence on a few key technology providers and the potential vulnerabilities in such a centralized system.

This incident underscores the critical need for robust contingency plans and diversified technology solutions to mitigate the impact of such widespread outages in the future.


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