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5 Things Every Canadian Should Know About Money Today

Canadian Money Brief — May 8, 2026 Your two-minute money briefing. Every weekday, MoneySavings.ca cuts through the noise to bring you the five financial stories shaping Canadians' wallets right now. Bookmark us, share us, and come back tomorrow. 1. The Bank of Canada Is Holding — And the Forecast Isn't Budging The Bank of Canada kept its overnight policy rate at 2.25% at its April 29 meeting, and the message from Governor Tiff Macklem to the House of Commons Standing Committee on Finance this week was clear: don't expect a move anytime soon. The Bank projects the Canadian economy will expand at a modest 1.2% in 2026 , picking up gradually to 1.6% in 2027 and 1.7% in 2028 as export growth and business investment slowly return. The near-term drag? Ongoing U.S. tariff uncertainty and a sharp jump in energy prices tied to the conflict in the Middle East. Inflation, which sat at 1.8% in February, had already climbed to 2.4% by March and is forecast to peak around 3% i...
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Canada Clinches Thrilling Victory Over US in 4 Nations Face-Off Final

In an electrifying showdown, Canada triumphed over the United States with a nail-biting 3-2 victory in overtime during the 4 Nations Face-Off final on Thursday night. The match, held in Boston, was filled with tension and excitement, keeping fans on the edge of their seats until the very last moment.

Connor McDavid emerged as the hero of the night, scoring the game-winning goal at 8:18 of overtime. His goal not only sealed the victory for Canada but also showcased his exceptional skill and determination under pressure.

The intense rivalry between the two nations was evident throughout the game, with both teams delivering a performance that will be remembered for years to come. The victory marks a significant achievement for Canada, solidifying their position as a dominant force in international hockey.

Fans and players alike celebrated the thrilling win, with many calling it one of the best hockey games of the decade. The 4 Nations Face-Off tournament has once again proven why hockey is unbeatable, captivating audiences with its high-stakes drama and unforgettable moments.



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