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5 Things to Know Today About Your Money — May 12, 2026

  A lot is happening in the Canadian money world right now. From a new sovereign wealth fund you can actually invest in, to lower payroll costs coming your way, here are the five things every Canadian should know about their money today. 1. The Bank of Canada Is Holding Rates — For Now On April 29, 2026 , the Bank of Canada held its overnight rate at 2.25% (Bank Rate: 2.50%, deposit rate: 2.20%). Governor Tiff Macklem has flagged that the economy is growing at a moderate pace as it adjusts to U.S. tariffs, but inflation — now around 2.4% — is edging up due to higher oil prices tied to the ongoing Middle East conflict. The Bank projects 1.2% economic growth for 2026, picking up to 1.6% in 2027. What it means for you: Variable-rate mortgage and line-of-credit holders get a brief reprieve — but watch oil prices. If inflation keeps rising, a rate hike could follow. 2. Your CPP Contributions Are Getting a Cut in 2027 The 2026 Spring Economic Update proposes to reduce the base CPP con...
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Generational Shift: Understanding the New Age Boundaries for Millennials, Gen Z, and Gen Alpha

 

In a world where generational identities play a significant role in shaping societal dynamics, the Pew Research Center has updated the birth year classifications for Millennials, Gen Z, and Gen Alpha, marking a pivotal shift in how we understand these cohorts.

  • Millennial Milestone: Previously defined as those born between 1981 and 1996, Millennials are now recognized as individuals who have experienced key historical events like 9/11 and the 2008 recession during formative years.

  • Gen Z Grows Up: With birth years set from 1997 to 2012, Gen Z has emerged as a powerful economic and cultural force, influencing fashion trends, political movements, and popular memes.

  • Alpha’s Arrival: The newest generation, Gen Alpha, includes those born from 2010 to 2025. This cohort is growing up in a tech-saturated environment, earning them the moniker ‘Generation Glass’ due to their seamless integration with technology.

  • Economic and Social Impact: These revised guidelines not only reflect changes in technology and global events but also signal shifts in consumer behavior, market trends, and social movements that will shape the future landscape.

As we navigate through these changes, it’s essential to understand the characteristics and experiences that define each generation, allowing for better communication, marketing strategies, and societal cohesion. The redefined age boundaries serve as a guide to understanding the evolving generational narrative and its implications for years to come.

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