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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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Travel Tips: 7 Tips for Overseas Flights


Travel Tips: 7 Tips for Overseas Flights



 Here are some tips for overseas flights that can help you prepare for your trip:

  1. Pack lightly. Overpacking can be a hassle when you’re traveling overseas. You don’t want to carry too much luggage around with you. Try to pack only what you need and leave the rest at home.

  2. Choose an aisle seat. On long flights, it’s recommended that you get up and walk to stretch your muscles and avoid blood clots in your legs. This is much easier to do in an aisle seat, so book one as soon as you book your ticket.

  3. Use travel apps. Apps can be a savior when traveling, but especially when you’re abroad. You can use travel apps to keep in touch with your airline, translate different languages, search for services at airports, choose your seats and myriad other tasks.

  4. Dress comfortably. On a long flight, you want to look well-dressed, but you also want to be comfortable. Wear clothes that are loose-fitting and comfortable.

  5. Arrive early. Most airlines want you at the airport at least two hours before your flight takes off, especially if you’re leaving from a U.S. international gateway airport. It will give you time to check your bags, check-in, navigate the airport security checkpoint and get to your gate in plenty of time and arrive stress-free.

  6. Zip through customs. Those who travel internationally know that U.S. Customs and Immigration lines can be a nightmare, especially at peak arrival times at the major international U.S. airports. Smart travelers carry the Global Entry card, which speeds you right past the Immigration and Customs lines.

  7. Lounge around. Because you need to be at the airport so far in advance, consider paying for access to an airline-branded or airport lounge.

I hope these tips help! Let me know if there’s anything else I can help with.


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