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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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Zelenskiy Faces Political Storm Amid Russian Glee

Russia has reacted with satisfaction to a heated confrontation between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump in the White House. The clash, described as a "brutal dressing down" by former Russian President Dmitry Medvedev, has been seized upon by Moscow as evidence of Zelenskiy's waning political standing. Russian officials, including Medvedev and Foreign Ministry spokeswoman Maria Zakharova, have used the incident to call for an end to U.S. military aid to Ukraine, portraying Zelenskiy as an unstable leader.

The confrontation has raised concerns among Ukraine's allies in Europe, who fear that the growing rapport between Moscow and Washington under Trump could undermine Ukraine's security. Zelenskiy, who has been a central figure in Ukraine's defense against Russian aggression, now faces increased pressure both domestically and internationally.



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