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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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Navigating the Consequences: When Will or Trust Terms Are Ignored



When the terms of a will or trust are not followed, it can lead to serious legal repercussions for the trustee or executor responsible for administering the estate. These individuals have a fiduciary duty to act in accordance with the trust’s stipulations and the law. Failure to do so is termed a “breach of trust” and can result in legal action taken by the beneficiaries or interested parties.

If a breach occurs, the court may impose various penalties, including the removal of the trustee, ordering the return of misappropriated funds, or, in extreme cases, criminal charges. Beneficiaries have the right to request a formal accounting from the trustee, which is a detailed record of all transactions related to the trust’s administration. If discrepancies are found, the court can order a “passing of accounts,” leading to a formal audit process.

The beneficiaries’ course of action will depend on the severity of the breach and the evidence available. It’s crucial for them to consult with an experienced estate lawyer to navigate the complex legal landscape and ensure their rights are protected.

In summary, disregarding the terms of a will or trust is not taken lightly in the eyes of the law. It’s a situation that requires prompt and careful legal attention to rectify and uphold the wishes of the deceased.

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