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

   Bank of Canada headquarters, Ottawa. Overnight rate held at 2.25% since October 2025. Next decision: April 29, 2026.  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 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 right now, the answer is more complicated — and more consequential — than it has been in years. The Bank of Canada...
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Ontario Braces for Brutal Cold: Coldest Temperatures of the Year Arrive


Ontario is experiencing a dramatic temperature drop as the coldest air of the year sweeps across the province. After a brief warm-up on Saturday, temperatures are expected to plummet by as much as 20-24°C within 18-24 hours. The Arctic air mass will bring frigid conditions, with some areas seeing temperatures drop to -28°C by Monday.

Residents are advised to bundle up and limit outdoor exposure to avoid frostbite and hypothermia. Travelers should be cautious of icy roads and potential snowfall, especially around Lake Huron. The cold snap is expected to last until Wednesday, with lake-effect snow likely to continue throughout the week.



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