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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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Pakistan's Crackdown on Afghan Refugees: A Controversial Move


In recent weeks, Pakistan has intensified its efforts to arrest Afghan citizens residing in the country without proper documentation. This move has sparked significant controversy, with the Afghan Embassy in Islamabad accusing Pakistan of attempting to expel all Afghan refugees from its territory.

The Afghan Embassy issued a strongly worded statement, condemning the short timeframe given by Pakistani authorities and the unilateral nature of their decision. The embassy claimed that Afghan nationals in Islamabad and Rawalpindi have been subjected to arrests, searches, and orders to leave the cities and relocate to other parts of Pakistan.

Pakistan's Foreign Ministry has dismissed these allegations, stating that the authorities are merely facilitating conditions for the swift return of Afghans to their home country. The ministry emphasized that Pakistan has long threatened to deport Afghans living in the country illegally.

Prime Minister Shehbaz Sharif recently approved a March 31 deadline to deport those awaiting relocation to third countries unless their cases are swiftly processed by the governments that have agreed to take them. This decision appears to reverse an earlier extension granted to Afghan refugees registered with the UNHCR, which allowed them to stay in Pakistan until June 2025.

Since 2023, more than 800,000 Afghans have either returned home voluntarily or been expelled by force from Pakistan, according to the International Organization for Migration. The Afghan Embassy has expressed serious concerns about the mass expulsion of Afghan refugees within such a short timeframe and the lack of formal communication from Pakistani authorities.

The situation remains tense, with Afghan refugees in Pakistan facing an uncertain future as the March 31 deadline approaches.



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