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Canadian Money Brief: 5 Things to Know Today — Tuesday, May 19, 2026

  From Canada's surprise rise to near the top of G7 growth charts, to softening rents, a cooling job market, and a looming trade renegotiation with the U.S. — here's what's moving your money today. 1 Economy & Growth Canada Is the 2nd-Fastest Growing G7 Economy — But Headwinds Loom The IMF now projects Canada to post the 2nd-fastest GDP growth in the G7 for 2026–2027, and the Spring 2026 Economic Update backs that up: the economy grew 1.7% in 2025 while avoiding a recession. Business investment is rebounding — up 2.6% in Q4 2025 — and Canada has attracted a record $97 billion in foreign direct investment. The engine? A relative tariff advantage under CUSMA, strong energy exports, and targeted federal spending. The caution: that momentum is fragile. Higher oil prices, a soft labour market, and a critical U.S. trade review mid-year could all shift the outlook quickly. 💡 What it means for you A growing economy generally supports job stability and wage gains — but don...
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Tax Season: How to Spot Scams and Keep Your Money Safe


As the tax deadline approaches, so do the scams. Fraudsters are becoming increasingly sophisticated in their tactics to steal personal information and money. Here are some valuable tips to help you stay safe:

  1. Beware of Phishing Emails and Calls:

    • Phishing emails: Be cautious of unsolicited emails claiming to be from the Canada Revenue Agency (CRA). These emails often contain malicious links or attachments. Never click on suspicious links or provide personal or financial information.
    • Phone scams: Scammers may call, pretending to be CRA agents, demanding urgent payments. They might threaten legal action or claim you owe money. Remember that the CRA will never ask for payments via Interac e-Transfer, bitcoin, prepaid credit cards, or gift cards.

  2. Ask Yourself Key Questions:

    • Is the communication threatening or urgent?
    • Does it request payment in unusual forms (e.g., bitcoin or gift cards)?
    • Is the sender or caller claiming to be from the CRA?
    • Trust your instincts and verify before taking any action.

  3. Stay Informed:

    • Keep up-to-date with CRA scam alerts. The CRA regularly shares information about common scams targeting taxpayers. Being aware of these can help you avoid falling victim to fraud.

Remember, protecting your personal information during tax season is crucial. Stay vigilant, and if something seems suspicious, verify its legitimacy before taking any action. Your financial safety matters! 


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