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5 Things to Know Today About Your Money — May 12, 2026

  A lot is happening in the Canadian money world right now. From a new sovereign wealth fund you can actually invest in, to lower payroll costs coming your way, here are the five things every Canadian should know about their money today. 1. The Bank of Canada Is Holding Rates — For Now On April 29, 2026 , the Bank of Canada held its overnight rate at 2.25% (Bank Rate: 2.50%, deposit rate: 2.20%). Governor Tiff Macklem has flagged that the economy is growing at a moderate pace as it adjusts to U.S. tariffs, but inflation — now around 2.4% — is edging up due to higher oil prices tied to the ongoing Middle East conflict. The Bank projects 1.2% economic growth for 2026, picking up to 1.6% in 2027. What it means for you: Variable-rate mortgage and line-of-credit holders get a brief reprieve — but watch oil prices. If inflation keeps rising, a rate hike could follow. 2. Your CPP Contributions Are Getting a Cut in 2027 The 2026 Spring Economic Update proposes to reduce the base CPP con...
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Fake Goods: How to Stay Safe When Shopping Online






Fake goods are everywhere online, and they can pose a threat to your health, safety, and wallet. Experts say that you should be careful when shopping online, especially from third-party vendors or unknown sellers.

Here are some ways to avoid buying a fake:

1. Buy from a brand’s own site or an authorized seller, such as Best Buy, Macy’s, or Footlocker. These retailers have strict policies and quality control to ensure that they sell only authentic products.

2. Research the seller before you buy. You can read online reviews from other customers, visit their website, check their return policy, and look for signs of legitimacy, such as contact information, customer service, and secure payment methods.

3. Be wary of prices that are too good to be true. If a product is significantly cheaper than the market price, it may be a counterfeit. You can compare prices across different websites and check the official website of the brand for the suggested retail price.

4. Inspect the product carefully when you receive it. Look for any signs of poor quality, such as spelling errors, missing labels, wrong logos, or faulty packaging. If you suspect that you bought a fake, you should contact the seller and request a refund. You can also report the seller to the online platform or the authorities.

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