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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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Netanyahu Warns of Escalating Tensions as Gaza Operations Wind Down

 

Israeli Prime Minister Benjamin Netanyahu recently announced that the current phase of fighting against Hamas in Gaza is winding down. However, his statement comes with a caveat: the war against Hamas is not over, and Israel may soon shift its focus to another front—the northern border with Lebanon.

In a lengthy TV interview, Netanyahu explained that while the Israeli army is close to completing its current ground offensive in the southern Gaza city of Rafah, this does not signal the end of hostilities. Instead, he emphasized the need to free up forces to confront Hezbollah, the Lebanese militant group backed by Iran. Netanyahu’s decision to re-deploy troops to the northern border raises concerns about escalating tensions in the region.

Hezbollah, a formidable force compared to Hamas, has been engaging in near-daily exchanges of fire with Israel since Hamas’ cross-border attack in October. The recent escalation has heightened fears of a larger conflict involving other Iranian proxies and potentially Iran itself. Such a war could result in heavy damage and casualties on both sides of the border.

While Netanyahu expressed hope for a diplomatic solution, he also asserted that Israel is prepared to fight on multiple fronts. Any resolution would require Hezbollah to move far from the border, an effective enforcement mechanism, and the return of displaced Israelis to their homes. Tens of thousands of people remain evacuated since the conflict erupted.

As the situation remains tense, international efforts continue to find a peaceful resolution. However, Netanyahu’s warning underscores the delicate balance between winding down Gaza operations and the potential for a new conflict in Lebanon.

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