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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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Trump Shooting Incident: Secret Service Confirms RNC Security Plans Unchanged; New Shooter Details Emerge


In the wake of a shooting incident involving former President Donald Trump, the Secret Service has announced that there will be no changes to the security plans for the upcoming Republican National Convention (RNC). The agency reassured the public that current security measures are robust and sufficient to handle any potential threats.

Incident Overview

The shooting occurred during a public appearance by Trump, leading to immediate lockdown procedures and a rapid response from law enforcement and medical personnel. Trump was quickly escorted to safety by his Secret Service detail, and no serious injuries to the former president were reported.

Security Measures

The Secret Service has emphasized that their security protocols are comprehensive and adaptable, designed to protect high-profile individuals under any circumstances. Despite the incident, officials have decided that the existing plans for the RNC remain appropriate and effective.

Details on the Shooter

New information about the shooter has begun to emerge. Preliminary investigations indicate that the individual acted alone. Authorities are delving into the shooter's background, motives, and any potential affiliations. 

Community and Political Reactions

The incident has sparked reactions across the political spectrum, with leaders from both parties condemning the violence and calling for a thorough investigation. The event has also heightened concerns about the safety of political figures and the importance of robust security measures at major events. 

Conclusion

As the investigation continues, the Secret Service's decision to maintain the current RNC security plan highlights their confidence in the existing measures. Meanwhile, the nation watches closely as more details about the shooter and their motives come to light.

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