Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump's Day One Agenda: Sweeping Changes on the Horizon*

As Donald Trump prepares to be sworn in for his second term as President of the United States, he has laid out an ambitious agenda for his first day back in office. Trump has promised to issue a series of executive orders that will have far-reaching impacts on immigration, trade, and government structure.

One of the most significant changes Trump has pledged is the launch of the largest deportation program in American history, targeting undocumented immigrants. He has also vowed to end birthright citizenship, a move that would likely face significant legal challenges.

On the trade front, Trump plans to impose substantial tariffs on goods from Mexico, Canada, and China. He has proposed a 25% tariff on all Mexican and Canadian goods and a 60% tariff on Chinese goods. Additionally, Trump has mentioned the creation of an "External Revenue Service" to collect tariffs and other foreign fees.

Trump's agenda also includes issuing potentially thousands of pardons, including for those involved in the January 6th Capitol attack. He has indicated that these actions will begin shortly after his inauguration, setting the tone for a presidency marked by swift and decisive action.

As Trump returns to the Oval Office, his day-one promises signal a dramatic shift in policy and governance, reflecting his commitment to fulfilling his campaign pledges and solidifying his legacy.



Labels:

Comments

Post a Comment