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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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A Farewell to a Beloved Pontiff: Pope Francis Laid to Rest in Historic Ceremony


In a moment of profound significance, Pope Francis, the 266th pope of the Roman Catholic Church, was laid to rest on April 26, 2025, following a historic funeral attended by an estimated 250,000 mourners. The solemn ceremony took place in St. Peter’s Square at the Vatican, drawing world leaders, royalty, and faithful from across the globe to honor the life and legacy of the beloved pontiff.

The funeral, presided over by Cardinal Giovanni Battista Re, was marked by simplicity, reflecting Pope Francis' lifelong commitment to humility and service to the marginalized. The event included traditional rites, such as the meditative chant of a litany of saints and blessings in Greek by Eastern rite Catholic clergy. A poignant moment came as a breeze turned the pages of the Book of the Gospels resting atop the pope's coffin, symbolizing the enduring power of his teachings.

Following the Mass, the pope's coffin was carried in a motorcade through Rome's historic streets, passing landmarks like the Colosseum, before arriving at the Basilica of Saint Mary Major. There, Pope Francis was interred in a private ceremony, becoming the first pope in over a century to be buried outside the Vatican.

Pope Francis, born Jorge Mario Bergoglio in Buenos Aires, Argentina, was known for his dedication to the poor, his advocacy for social justice, and his efforts to modernize the Church. His 12-year papacy left an indelible mark on the 1.4-billion-member Catholic Church and the world at large.

The funeral marked the end of an era, but the legacy of Pope Francis' compassion and leadership will continue to inspire generations to come.

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