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5 Things Every Canadian Should Know About Their Money Today

  Published on: May 1, 2026 Site: moneysavings.ca/canadian-money-brief Whether you're watching your mortgage rate, filing your taxes, or wondering what Ottawa's big spending announcements mean for your wallet — here's your fast briefing for May 1, 2026. 1. The Bank of Canada Is Holding Steady at 2.25% On April 29, the Bank of Canada held its overnight policy rate at 2.25% — exactly where markets expected it to land. Governor Tiff Macklem cited a volatile mix of ongoing U.S. trade uncertainty and rising energy prices tied to the conflict in the Middle East as reasons to stay the course rather than cut or hike. The next rate decision is scheduled for June 10, 2026 . What it means for you: Variable-rate mortgage and HELOC holders get a reprieve from any further hikes for now. Don't expect a cut anytime soon either — the Bank signalled it's watching inflation data closely before moving in either direction. 2. Tax Deadline Was Yesterday — Here's What to...
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Toronto Stock Exchange’s S&P/TSX Composite Index Reaches Highest Weekly Close in 21 Months

 

The Toronto Stock Exchange’s S&P/TSX composite index ended up 71.82 points, or 0.3%, at 20,990.22, its highest weekly closing level since April 2022. 

The market is being driven higher by technicals, which are very bullish right now, according to Brandon Michael, senior investment analyst at ABC Funds. The Toronto market has posted a series of higher peaks and troughs since October, notching a gain of nearly 12% over that period. The technology sector added to its recent rally on Friday, rising 0.7%. Energy rose 0.6% as oil settled 0.9% higher at $72.68 a barrel following overnight air and sea strikes by the U.S. and Britain on Houthi targets in Yemen. The materials sector, which includes precious and base metals miners and fertilizer companies, was up 1.6% as the price of gold benefited from safe-haven buying and the prospect of Federal Reserve interest rate cuts. 

The title of this article could be “Toronto Stock Exchange’s S&P/TSX Composite Index Reaches Highest Weekly Close in 21 Months”.

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