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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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Trump and Zelensky to Sign Landmark Minerals Deal at White House

In a significant diplomatic move, U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky are set to meet at the White House today to finalize a minerals deal. The agreement aims to grant the United States access to Ukraine's rare earth minerals in exchange for American investment and potential security guarantees for Kyiv.

The deal is seen as a strategic win for both leaders. For Trump, it represents an opportunity to secure valuable resources and potentially reimburse American taxpayers for the substantial military aid provided to Ukraine. For Zelensky, the agreement could bolster Ukraine's economy and strengthen its security amid ongoing tensions with Russia.

However, the deal is not without controversy. Critics argue that the actual mineral wealth in Ukraine is uncertain and that much of it lies in war-torn regions, making extraction challenging. Additionally, there are concerns about the lack of clear security guarantees in the current framework of the agreement.

As the two leaders prepare to sign the deal, the world watches closely, anticipating the potential geopolitical and economic impacts of this landmark agreement.

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