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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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Global Markets Rebound as Trump Eases Trade Tensions

In a dramatic turn of events, European and Asian stock markets surged following U.S. President Donald Trump's decision to pause steep tariffs on most countries. This move, announced after a period of heightened trade tensions, brought relief to global investors and sparked a rally across major indices.

European markets saw significant gains, with Frankfurt's DAX jumping over 7%, Paris climbing 7.3%, and London's FTSE 100 rising by 5.3%. Asian markets mirrored this optimism, with indices like Japan's Nikkei 225 and South Korea's Kospi posting substantial increases. The pause in tariffs, however, excluded China, which faced an escalation in duties to 125%, intensifying the trade war between the two economic giants.

While the temporary suspension of tariffs has provided a much-needed boost to global markets, analysts caution that uncertainty remains. The baseline 10% tariff on imports persists, and the unpredictability of future trade policies continues to loom over the global economy.

This development underscores the delicate balance between economic diplomacy and market stability, as nations navigate the complexities of international trade in an era of shifting policies.

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