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Canadian Money Brief: 5 Things to Know Today — May 18, 2026

  A quick scan of the five stories shaping your wallet right now — from the Bank of Canada's next big decision to your mortgage renewal and a brand-new federal agency hunting financial criminals. 1 Bank of Canada Rate Holds at 2.25% — Next Decision Is June 10 The Bank of Canada kept its overnight policy rate steady at 2.25% at its April 29 meeting, citing a rise in energy-driven inflation and ongoing uncertainty from U.S. tariffs. Governing Council held firm while acknowledging a rate hike could become necessary if oil-linked price pressures prove persistent. The next announcement lands on Wednesday, June 10, 2026 — mark your calendar. Why it matters: Your variable-rate mortgage, HELOC, and lines of credit are directly tied to this rate. With bank prime rates sitting at 4.45%, every meeting counts. 2 Markets TSX Slips Below 34,000 as Bond Yields Spike The S&P/TSX Composite Index finished last week down close to 2%, sliding under the 34,000 mark. A global bond market selloff...
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China’s recent surge in respiratory illnesses caused by flu and other known pathogens, not COVID-19

 

According to the Chinese health ministry, the recent surge in respiratory illnesses across the country is caused by the flu and other known pathogens, and not by COVID-19. 

The World Health Organization (WHO) has asked China for more data on the respiratory illness spreading in the north of the country, urging people to take steps to reduce the risk of infection . The surge in respiratory illnesses such as flu and RSV has been reported in some parts of China, in the first winter since the country eased its COVID-restrictions. Mycoplasma, which can cause walking pneumonia, is among the bugs that Chinese officials say are behind an outbreak of pneumonia, flu, and COVID-19 in kids.


 


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