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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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Whale Experts Investigate Stranded Pod in Orkney

 

Cetacean experts from across the UK have descended upon Orkney to conduct examinations and post-mortems on a stranded pod of 77 pilot whales. The pod washed ashore on Sunday beach last Wednesday, marking what experts believe to be the largest mass stranding in nearly a century. The team, including members from the Scottish Marine Animal Stranding Scheme (SMASS) and the UK Cetacean Stranding Investigation Programme (CSIP), aims to determine the cause of this tragic event.

The pod, which included male whales measuring up to seven meters (22 feet) long, as well as females, calves, and juveniles, presented a massive undertaking for the experts. Local farmers are on standby to assist with the removal of the carcasses. While some animals were still alive initially, the decision was made to euthanize them after rescue efforts proved challenging.

The investigations involve measuring each carcass and collecting samples of skin, blubber, and muscle. Due to the scale of the stranding, post-mortems will be carried out on some, but not all, of the animals. The site’s difficult accessibility has required the assistance of Sanday locals, who have been transporting experts using four-by-four vehicles. The emotional impact of witnessing so many animals lying on the beach has left the experts feeling helpless, yet they remain committed to understanding the tragedy that unfolded.

As the examinations continue, the scientific community hopes to gain insights into the factors contributing to this devastating event, shedding light on the challenges faced by marine life in our changing world. The Orkney strandings serve as a somber reminder of the delicate balance between human activity and the natural environment


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