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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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Global Alert Issued for LGBTQ2 Safety Amid Rising Threats

The U.S. State Department recently issued a worldwide security alert, raising concerns about the safety of LGBTQ2 individuals and events abroad. The alert comes in response to an increased risk of “foreign terrorist organization-inspired violence” targeting LGBTQ2 communities. As we approach Pride Month, both Canada and the United States are on high alert.

The State Department advises U.S. citizens overseas to exercise increased caution, especially in locations frequented by tourists and during Pride celebrations. While the department did not provide specific details on the threat, it underscores the importance of vigilance and awareness for LGBTQ2 travelers.

U.S. Secretary of State Antony Blinken emphasized the ongoing challenges faced by LGBTQ2 people, including discrimination and violence. He reaffirmed their universal human rights and dignity, urging global recognition and support.

In Canada, Prime Minister Justin Trudeau acknowledged progress but highlighted the need for continued efforts to create a safer, more inclusive environment. While Canada has not issued a similar global travel warning, its website offers advice for LGBTQ2 travelers facing potential barriers and risks abroad.

As we stand together against discrimination and violence, let us remain vigilant and committed to ensuring the safety and well-being of LGBTQ2 communities worldwide.

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