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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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Pope Francis Sustains Another Injury: Falls and Bruises Raise Concerns

 

Pope Francis has once again fallen, this time injuring his right arm. The 88-year-old pontiff was treated at his Vatican residence, the Santa Marta House, where he was found with a bruised forearm. While the injury is not severe and no fractures were reported, the arm has been immobilized as a precautionary measure.

This recent fall follows another incident on December 7, 2024, when Pope Francis hit his chin on a nightstand, resulting in a noticeable bruise. Despite these health challenges, the Pope has continued to maintain his busy schedule, attending various audiences and events.

Pope Francis has faced ongoing mobility issues, often relying on a wheelchair, cane, or walker to move around. His resilience and determination to carry out his duties despite his age and health concerns have been widely noted.

The Vatican has assured the public that the Pope is in stable condition and that there are no changes to his public schedule. However, these recent falls have raised concerns about his overall health and the physical demands of his role.

As the world watches, many are hoping for the Pope's swift recovery and continued strength in leading the Catholic Church.




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