From the Bank of Canada's steady hand to a surge in housing starts and Ottawa's new financial crime-fighting agency — here are the five money stories every Canadian should have on their radar this morning. 1 Bank of Canada Rate Holds at 2.25% — Next Decision June 10 The Bank of Canada kept its overnight rate at 2.25% on April 29 and has signalled it intends to stay put for now. Governing Council is keeping a close eye on Middle East conflict spillover into energy prices, ongoing U.S. tariff uncertainty, and whether inflation — currently hovering just above the 2% target — becomes entrenched. Bond markets are currently pricing in roughly an 18% chance of a 25-basis-point cut by the July 15 announcement, making a move at the June 10 meeting unlikely. 💡 What it means for you: Variable-rate mortgage and HELOC holders can exhale — no surprise hikes on the horizon. But don't expect big rate relief either; the "lower-for-longer" window appears to be closing. 2 Mortgage...
Respiratory syncytial virus (RSV) is a common and contagious virus that primarily affects the respiratory system, particularly in young children. It can cause symptoms similar to a cold, such as coughing, sneezing, and a runny or stuffy nose. While RSV is usually mild in healthy individuals, it can lead to severe respiratory problems, especially in infants and older adults. RSV is the leading cause of hospitalization in children under the age of one in Canada .
Health Canada has approved a new Pfizer vaccine, Abrysvo, to combat RSV. The vaccine is intended for newborns, from birth to six months of age, who would receive antibodies through maternal immunization, and for people over the age of 60 — both groups who are particularly vulnerable to RSV.
It is important to note that pregnant women are not included in the list of groups who should receive the vaccine .
If you have any concerns about RSV or the vaccine, it is best to contact a qualified medical professional before engaging in any physical activity, or making any changes to your diet, medication or lifestyle .
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