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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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Notre Dame Cathedral Reborn: First Mass Since 2019 Fire Marks Historic Moment

 

Notre Dame Cathedral, the iconic symbol of Paris, hosted its first Mass since the devastating fire of 2019 on Sunday, December 8, 2024. The event, attended by clergy, dignitaries, and guests, marked a significant milestone in the cathedral's journey from ruin to resurrection.

Archbishop Laurent Ulrich presided over the morning Mass, which included the consecration of a new bronze altar. The liturgy was a powerful symbol of Paris' resilience and the global effort to restore one of humanity's most treasured landmarks. The cathedral's restoration, fueled by nearly $1 billion in global donations, has been a testament to extraordinary craftsmanship and unyielding determination.

The evening Mass, open to the public, saw thousands gather along the Seine to witness this historic moment from afar. The cathedral's reopening is not just a religious milestone but a moment of cultural and national unity.

President Emmanuel Macron, who vowed to restore the cathedral within five years, attended the ceremonies and called the project "a jolt of hope" for France. The restoration, despite challenges such as lead contamination and the COVID-19 pandemic, has been a remarkable achievement.

As the cathedral's great organ resounded with majestic melodies and its restored stained-glass windows projected dazzling patterns of color, Rev. Olivier Ribadeau Dumas, Notre Dame's rector, remarked, "No one alive has seen the cathedral like this. It is more than restored—it is reborn."

The path to restoration has been long and arduous, but the reopening of Notre Dame stands as a testament to the enduring spirit of Paris and the global community that came together to rebuild this historic masterpiece.



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