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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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"Strength does not come from physical capacity. It comes from an indomitable will.” by Mahatma Gandhi

 


This quote by Mahatma Gandhi is a powerful reminder that strength is not just a physical attribute, but a mental and emotional one as well.

 Mahatma Gandhi, was the leader of the Indian independence movement and a champion of nonviolence.  He demonstrated his indomitable will in his nonviolent resistance against British colonial rule in India, inspiring millions of people to follow his example. 

He showed that strength comes from conviction, courage, and perseverance, not from brute force or violence. This quote can inspire us to overcome our own challenges and difficulties with the same spirit of determination and resilience.




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