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5 Things to Know About Your Money Today — May 11, 2026

  Your fast, no-fluff briefing on what's moving Canadian money today. 1. Bank of Canada Stays on the Sidelines The Bank of Canada held its overnight rate steady at 2.25% at its April 29 meeting — and signalled it's comfortable staying put, for now. Governor Tiff Macklem told the House of Commons Finance Committee that the Bank projects the economy will grow a modest 1.2% in 2026 , picking up to 1.6% in 2027. The caveat? Monetary policy may need to be "nimble" depending on how U.S. tariffs and Middle East energy prices evolve. Translation: don't expect a rate cut to rescue your mortgage renewal anytime soon. What it means for you: Variable-rate borrowers get a brief reprieve, but fixed rates remain sensitive to oil-driven inflation. Review your renewal timeline now. 2. TSX Ends the Week in the Green The S&P/TSX Composite closed Friday at 34,077 , up 0.65% on the day, with the Canadian dollar sitting at roughly 73 cents USD . Crude oil is hovering near...
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Biden and Trump Agree to Two Presidential Debates Ahead of 2024 Election

 

In a surprising turn of events, U.S. President Joe Biden and former President Donald Trump have agreed to participate in two general election debates. The first debate is scheduled for June 27, hosted by CNN, and the second will take place on September 10, hosted by ABC. This sets the stage for their first presidential face-off, just over a month away.

The quick agreement on the debate timetable followed Biden’s announcement that he would not participate in the fall presidential debates sponsored by the nonpartisan commission that has organized them for more than three decades. Instead, Biden’s campaign proposed that media outlets directly organize the debates between the presumptive Democratic and Republican nominees.

The unusually early timing of the first debate means that neither Biden nor Trump will have formally accepted their party’s nomination. Hours after Biden’s announcement, he accepted an invitation from CNN, playfully adding, “Over to you, Donald.” Trump, who had previously insisted he would debate Biden anytime and anywhere, confirmed his participation on Truth Social, saying, “Let’s get ready to Rumble!!!” Soon after, they agreed to the second debate on ABC.

The swiftness with which these debates were arranged reflects each candidate’s strategy. Trump and his team believe the debates will highlight voters’ concerns about Biden’s age and competence, while Biden’s team aims to remind voters of why they voted Trump out of the White House four years ago. These debates are particularly crucial in a year when voters express underwhelming enthusiasm for their choices and have concerns about the candidates’ advanced ages—Biden is 81, and Trump is 77.

As the election season heats up, all eyes will be on these debates, where the two candidates will face off in a high-stakes showdown. The outcome could significantly impact the trajectory of the 2024 election, making these debates a critical moment on the political calendar.

Stay tuned for more updates as the candidates prepare to spar on the national stage! 

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