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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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Auschwitz Memorial Marks 80th Anniversary of Liberation: A Solemn Tribute to Survivors

On January 27, 2025, the Auschwitz-Birkenau Memorial and Museum held solemn observances to mark the 80th anniversary of the liberation of the infamous Nazi death camp. This year's ceremony is particularly poignant as it is expected to be the last major gathering of survivors, many of whom are now in their 80s and 90s.

Among the attendees was 86-year-old Tova Friedman, who was just six years old when she was liberated from Auschwitz on January 27, 1945. She traveled from her home in New Jersey to add her voice to the warnings about rising hatred and antisemitism. "The world has become toxic," she told reporters, emphasizing the need to combat the growing crisis of distrust and animosity.

The ceremony included a walk to the Death Wall, where prisoners were executed, led by Polish President Andrzej Duda and Auschwitz-Birkenau State Museum director Piotr Cywinski. Duda spoke of the "unimaginable harm" inflicted on millions, especially the Jewish people, and emphasized Poland's role as the guardian of this memory.

World leaders and royalty, including Germany's Chancellor Olaf Scholz, French President Emmanuel Macron, and Britain's King Charles III, joined the elderly survivors in a moment of silence and reflection. The event culminated in a candle-lighting ceremony, symbolizing the enduring memory of the 1.1 million people murdered at Auschwitz.

As the last survivors fade, the message is clear: it is our duty to remember the unspeakable crimes and honor the memories of the victims. The observances serve as a stark reminder of the past and a call to action to prevent history from repeating itself.




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