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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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Poland Thwarts Explosive Plot Targeting Canada and U.S.

 

Authorities in Poland have arrested four individuals in connection with an alleged plot to send explosives to Canada and the United States. The suspects were reportedly planning to use courier services to mail the dangerous materials, which were camouflaged to avoid detection.

The National Prosecutor’s Office in Poland revealed that the arrests were made following a detailed investigation into the group’s activities. The parcels, which contained explosives and other hazardous materials, were intercepted before they could be dispatched.

The Royal Canadian Mounted Police (RCMP) have acknowledged the arrests but have refrained from commenting further to maintain the integrity of the ongoing investigation. This incident highlights the importance of international cooperation in preventing acts of terrorism and ensuring public safety.

Authorities are continuing their investigation to determine the full extent of the plot and any additional individuals involved.


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