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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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Explore the need for COVID booster shots this fall

 


Canada: The National Advisory Committee on Immunization (NACI) in Canada has been actively monitoring COVID-19 vaccine guidance. In July 2023, they provided recommendations for the use of COVID-19 vaccines in the fall. These recommendations consider factors such as vaccine protection, duration of protection, and concurrent administration with other vaccines.

United States: As of October 3, 2023, the updated Novavax vaccine has been recommended for use in the U.S. Additionally, the updated Pfizer-BioNTech and Moderna COVID-19 vaccines are also recommended for use in the U.S. population.

Booster Doses:

Redesigned Vaccine: In the fall of 2023, a newly redesigned vaccine will be available for the entire U.S. population, including all age groups. This means a new booster dose will be recommended for anyone over the age of 6 months.

Timing: Getting a booster shot now can help build up antibodies ahead of the holiday season, especially as people travel and gather during Thanksgiving and other festivities.

Safety and Effectiveness:

Combining Vaccines: It’s safe to get the COVID shot and the flu shot at the same time. In fact, new research suggests that receiving both shots together could enhance the effectiveness of the COVID vaccine.

Individual Considerations: Consult your healthcare provider to assess your specific situation, taking into account your risk factors, overall health, and any previous vaccinations.

Remember, staying informed and following public health guidelines is crucial. If you have any concerns or questions, reach out to your healthcare provider. 

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