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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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Battle Against the Flames: Aftermath of the Major Wildfire Near Athens

 

In the wake of a devastating wildfire that swept through the northern fringes of Athens, Greece, authorities and firefighters are grappling with the aftermath. Here’s what we know:

  • The Blaze: The wildfire, which began on Sunday afternoon, quickly escalated due to strong winds and tinder-dry pine forests. These conditions were exacerbated by the scorching summer temperatures, making it an exceptionally dangerous fire.

  • Evacuations: Hospitals, residential suburbs, and even monasteries were evacuated as the flames advanced. A children’s hospital, a military hospital, and a children’s home were among the facilities cleared. Evacuation orders were issued for more than a dozen areas, including Marathon and several Athens suburbs.

  • Emergency Response: Over 670 firefighters, backed by specialized wildfire teams and armed forces personnel, battled the flames. More than 180 vehicles were deployed, along with 30 water-dropping planes and helicopters providing aerial support.

  • Human Impact: Two firefighters sustained minor injuries, and several civilians were treated for smoke inhalation. Police officers heroically carried elderly residents to safety, their efforts captured against a backdrop of a night sky turned red from the flames.

  • Environmental Toll: The fire ravaged pine forests that had already suffered from repeated heat waves during the summer. Greece experienced its hottest June and July ever recorded, following the warmest winter.

As the dust settles, the scars left by this wildfire serve as a stark reminder of the urgent need for climate resilience and effective disaster management. The battle against the flames continues, but the community’s resilience shines through as they come together to rebuild and protect their beloved landscape.


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