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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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Supreme Court Upholds Sentencing Schedule in Landmark Hush-Money Case


In a significant legal development, the U.S. Supreme Court has declined to intervene in the sentencing of former President Donald Trump in connection with the hush-money case. This decision comes after a lower court found Trump guilty on multiple counts of felony charges related to payments made to silence allegations of an affair during the 2016 presidential campaign. 

The high court's refusal to halt the sentencing allows the legal process to proceed without further delay, setting a precedent for the accountability of public figures. Trump's legal team had sought to postpone the sentencing, citing various constitutional challenges, but the justices denied these requests without comment. 

Legal analysts suggest that this outcome underscores the judiciary's independence and the principle that no individual is above the law. The sentencing is now scheduled to proceed as planned, marking a pivotal moment in this high-profile case. 



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