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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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Trudeau Faces Pressure to Expand $250 Rebate Beyond Working Canadians

 

Prime Minister Justin Trudeau remains firm on his plan to provide a $250 rebate to "hardworking Canadians," despite mounting pressure from opposition parties to extend the benefit to seniors and individuals unable to work. The rebate is part of a broader affordability package announced by the Liberals, which also includes a temporary cut to the federal sales tax on popular holiday items.

During a recent announcement on Prince Edward Island, Trudeau was questioned about the possibility of expanding the rebate to non-working seniors and people with disabilities. He reiterated that the measure is intended to support working Canadians who need extra assistance, while also mentioning that the government is exploring other ways to help those who do not qualify for the rebate.

The opposition, including the NDP and Bloc Québécois, has been vocal in their demands for a more inclusive approach. They argue that the rebate should also benefit seniors and people with disabilities, who are equally in need of financial support. However, Trudeau has not introduced legislation to enact the rebate, and it remains uncertain whether he will secure the necessary support from the opposition to pass it.

The GST holiday bill, which temporarily eliminates the federal sales tax on a range of items, passed in the House of Commons with the help of the NDP and is awaiting approval from the Senate. This measure is expected to provide some relief to Canadians during the holiday season, but the debate over the rebate's scope continues to be a contentious issue.

As the government navigates these challenges, Trudeau's stance on the rebate underscores his commitment to recognizing the efforts of working Canadians, while also highlighting the ongoing discussions about how best to support all citizens in need.

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