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5 Things to Know About Your Money Today — May 22, 2026

F riday, May 22, 2026    |  By MoneySavings.ca A lot is moving in the Canadian money world right now — from grocery settlements landing in bank accounts to energy prices pushing inflation higher. Here are the five things every Canadian should know about their finances today. 1. Bread Settlement Cheques Are Arriving — Check Your Inbox If you filed a claim in the $500-million Canadian Packaged Bread Class Actions Settlement , your money could be on its way right now. Payouts started rolling out the week of May 11, 2026, and are being sent either by Interac e-Transfer or cheque depending on how you registered. The amounts are modest but real: $49.11 for most claimants, or $24.11 if you previously received a Loblaw gift card through the 2017–2019 program. The settlement covers anyone who bought packaged bread for personal use between 2001 and 2021. Watch for scams. Legitimate e-Transfer payments arrive only from notify@payments.interac.ca . No texts, no calls — if someone...
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Tips for building your 2024 investment plan


As we enter the new year, it’s a good time to reevaluate your investment strategies and prepare for the evolving market conditions. Here are some tips to help you build a successful investment plan for 2024:

  • Reevaluate your investment strategies: Experts suggest that now is a good time to reevaluate your investment strategies and prepare for the evolving market conditions. Although Bank of Canada Governor Tiff Macklem has said it is too early to consider rate cuts, the central bank could begin cutting interest rates as early as April or May, according to forecasts from TD. Falling interest rates will be the story of 2024, so it’s important to invest accordingly.
  • Consider low-cost dividend-focused index funds: Investing in low-cost dividend-focused index funds can help you generate passive income at a low cost for life.
  • Be cautious with GICs: Last year, many investors chose to park money in savings or a short-term Guaranteed Investment Certificate (GIC), earning risk-free returns of 5 per cent or more. Although it was an effective strategy in a high-interest-rate environment, GIC rates are already falling, and completely opposite market forces are starting to take shape. Canadians looking to simply protect their cash in 2024 could be in for a “rough year,” potentially missing out on greater gains elsewhere.
  • Prepare for the evolving market conditions: With the market conditions evolving, it’s important to prepare for the changes. Falling interest rates will be the story of 2024, so it’s important to invest accordingly.


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