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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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Israel Kills 25 Palestinians in Gaza Airstrikes Amid Fears of Wider War

 

On August 8, 2024, Israeli forces intensified their strikes across the Gaza Strip, resulting in the deaths of at least 25 people, according to Palestinian medics. The conflict escalated as Israel engaged in battle with Hamas-led militants, and there are growing concerns about the potential for a wider war in the region.

The airstrikes targeted various locations within Gaza. In central Gaza’s Al-Bureij camp, a cluster of houses was hit, resulting in the deaths of at least 15 people. Nearby Al-Nuseirat camp also experienced casualties, with four people killed. Both camps are considered strongholds of armed militants by Israel. Additionally, a house in the heart of Gaza City was bombed, resulting in the deaths of five Palestinians. Another airstrike in the southern city of Khan Younis killed one person and injured others.

Hamas and Islamic Jihad, the armed wings of Palestinian militant groups, responded by firing anti-tank rockets and mortar bombs at Israeli forces operating in Gaza. Israel’s military reported striking dozens of military targets across Gaza, including rocket launching pads.

Since the outbreak of the Gaza war in October of the previous year, at least 39,699 Palestinians have been killed, including 22 within the past 24 hours, with 91,722 injured. The Gaza health ministry does not differentiate between combatants and civilians in its death tolls.

As tensions persist, Israel is bracing for another attack, prompted by recent assassinations of Hamas leader Ismail Haniyeh in Tehran and Hezbollah military commander Fuad Shukr in Beirut. The conflict between Israel and Hezbollah along the northern border now poses a risk of escalating into an all-out regional war.

More Burials in Gaza

On the same day, dozens of Palestinians rushed to Nasser Hospital in Khan Younis to bid farewell to their slain relatives before carrying them away for burials. Relatives were seen moving the bodies of their loved ones in plastic bags, with names written on them, and holding special prayers before the funerals.

The situation remains tense, and the international community closely monitors developments in the region as fears of wider conflict persist.

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