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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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Turkish Protests Persist Amid Erdogan's Dismissal of Demonstrations


Turkey is witnessing its largest wave of protests in over a decade following the arrest of Istanbul Mayor Ekrem Imamoglu, a prominent political rival of President Recep Tayyip Erdogan. The demonstrations, which began last week, have drawn hundreds of thousands of participants across the country, demanding justice and democracy. Despite a government ban on gatherings, the protests have largely remained peaceful, though clashes with police have occurred during late hours.

President Erdogan has dismissed the protests as a "show" and accused opposition parties of inciting unrest. However, protesters remain resolute, with many vowing to continue their demonstrations until their demands are met. The situation has drawn international attention, raising concerns about the state of democracy and political freedoms in Turkey.

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