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Canadian Money Brief: 5 Things to Know Today — Tuesday, May 19, 2026

  From Canada's surprise rise to near the top of G7 growth charts, to softening rents, a cooling job market, and a looming trade renegotiation with the U.S. — here's what's moving your money today. 1 Economy & Growth Canada Is the 2nd-Fastest Growing G7 Economy — But Headwinds Loom The IMF now projects Canada to post the 2nd-fastest GDP growth in the G7 for 2026–2027, and the Spring 2026 Economic Update backs that up: the economy grew 1.7% in 2025 while avoiding a recession. Business investment is rebounding — up 2.6% in Q4 2025 — and Canada has attracted a record $97 billion in foreign direct investment. The engine? A relative tariff advantage under CUSMA, strong energy exports, and targeted federal spending. The caution: that momentum is fragile. Higher oil prices, a soft labour market, and a critical U.S. trade review mid-year could all shift the outlook quickly. 💡 What it means for you A growing economy generally supports job stability and wage gains — but don...
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Russian Missile and Drone Attack Strikes Multiple Targets in Ukraine, Including Kyiv


In the early hours of Tuesday, Russia launched a significant aerial attack on Ukraine, targeting the capital city of Kyiv and several other regions with a barrage of missiles and drones. The Ukrainian air force reported a ballistic missile threat at 3:00 a.m., followed by at least two explosions in Kyiv minutes later. Another missile alert was issued at 8:00 a.m., with at least one explosion reported in the city.

Missile debris fell in the Darnytskyi district of Kyiv, but there were no immediate reports of casualties or damage. In the northeastern Sumy region, authorities reported strikes near the city of Shostka, where 12 residential buildings and two educational facilities were damaged. The Russian Defense Ministry claimed that its forces successfully struck a Ukrainian air base and a gunpowder factory.

The nearly three-year conflict has seen significant destruction of Ukraine's energy infrastructure, leading to widespread rolling electricity blackouts. Despite the provision of air defense systems by Kyiv's Western allies, Russia has continued to overwhelm Ukraine's defenses with combined strikes involving large numbers of missiles and drones.

As the conflict continues, uncertainty looms over its future course, especially with U.S. President-elect Donald Trump set to take office next month. President Joe Biden recently announced an additional $2.5 billion in weapons aid to Ukraine, aiming to bolster Kyiv's defenses before the transition of power.

The situation remains tense as both sides continue to engage in aerial and ground attacks, with no clear resolution in sight.

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