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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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Holiday Ginger Cookies Recipe

 

Ingredients:

- 2 1/4 cups all-purpose flour

- 2 tsp ground ginger

- 1 tsp baking soda

- 1 tsp ground cinnamon

- 1/2 tsp ground cloves

- 1/4 tsp salt

- 3/4 cup unsalted butter, softened

- 1 cup granulated sugar

- 1 large egg

- 1 tbsp water

- 1/4 cup molasses

- 1/4 cup additional granulated sugar for rolling


Instructions:


1. Preheat Oven: Preheat your oven to 350°F (175°C). Line baking sheets with parchment paper.

2. Combine Dry Ingredients: In a medium bowl, whisk together the flour, ginger, baking soda, cinnamon, cloves, and salt.

3. Cream Butter and Sugar: In a large bowl, using an electric mixer, beat the butter and 1 cup of sugar until light and fluffy. Add the egg, water, and molasses, and beat until well combined.

4. Mix Ingredients: Gradually add the dry ingredients to the wet ingredients, mixing until just combined.

5. Form Dough Balls: Roll the dough into small balls, about 1 inch in diameter. Roll each ball in the additional granulated sugar to coat.

6. Bake: Place the dough balls on the prepared baking sheets, about 2 inches apart. Flatten each ball slightly with the bottom of a glass. Bake for 8-10 minutes, or until the edges are set and the tops are crackled.

7. Cool:  Allow the cookies to cool on the baking sheet for 5 minutes before transferring them to a wire rack to cool completely.

8. Enjoy: These ginger cookies are perfect for sharing with family and friends, or just for enjoying with a cozy cup of tea or coffee. 



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