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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's Remarks Stir Political Debate in Canada


In a recent interview with Fox News, U.S. President Donald Trump made waves by stating that he would prefer dealing with a Liberal government in Canada over a Conservative one. Trump described Conservative leader Pierre Poilievre as "stupidly, no friend of mine," citing negative comments Poilievre has made about him. Trump added that he finds it "easier to deal with a Liberal" and expressed indifference about the outcome of Canada's upcoming federal election.

Poilievre responded to Trump's remarks during a press conference in Sudbury, Ontario, emphasizing his strong leadership and commitment to putting Canada first. He criticized the Liberals, led by Prime Minister Mark Carney, for policies he claims have weakened Canada and driven investment south of the border. Poilievre framed Trump's comments as an endorsement of Carney, suggesting that Trump prefers a weaker Canada under Liberal leadership.

The exchange has sparked significant political discourse, with both parties using Trump's comments to bolster their narratives ahead of the election. The Liberal Party has seen a rise in polls since Carney assumed leadership, while Poilievre continues to position himself as a tough negotiator capable of standing up to Trump.

The remarks highlight the complex dynamics of U.S.-Canada relations and their influence on Canadian politics.

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