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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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Khabib Nurmagomedov Removed from Flight: Frontier Airlines Faces Backlash

 

UFC legend Khabib Nurmagomedov was recently removed from a Frontier Airlines flight following a dispute over his seat. The incident, which took place at Harry Reid International Airport in Las Vegas, has sparked significant criticism online, with many calling it a "most embarrassing airline" moment.

In a video that went viral, Nurmagomedov is seen calmly explaining to a flight attendant that he speaks English and is willing to assist in case of an emergency. Despite this, the airline staff insisted he move from his seat in the exit row. When Nurmagomedov refused, he was escorted off the plane.

Nurmagomedov took to social media to share his side of the story, stating that the crew member was "very rude from the very beginning". He also questioned whether the decision was based on racial or national bias. The video and Nurmagomedov's post have garnered widespread support from fans and fellow athletes, who criticized Frontier Airlines for their handling of the situation.

Frontier Airlines has since responded, stating that they are investigating the incident. The airline's reputation has taken a hit as social media users continue to express their disappointment and call for better treatment of passengers.

This incident highlights the importance of respectful and fair treatment of all passengers, regardless of their background or status. As the investigation continues, many are hoping for a resolution that addresses the concerns raised and prevents similar incidents in the future.




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