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5 Things to Know Today About Your Money — May 12, 2026

  A lot is happening in the Canadian money world right now. From a new sovereign wealth fund you can actually invest in, to lower payroll costs coming your way, here are the five things every Canadian should know about their money today. 1. The Bank of Canada Is Holding Rates — For Now On April 29, 2026 , the Bank of Canada held its overnight rate at 2.25% (Bank Rate: 2.50%, deposit rate: 2.20%). Governor Tiff Macklem has flagged that the economy is growing at a moderate pace as it adjusts to U.S. tariffs, but inflation — now around 2.4% — is edging up due to higher oil prices tied to the ongoing Middle East conflict. The Bank projects 1.2% economic growth for 2026, picking up to 1.6% in 2027. What it means for you: Variable-rate mortgage and line-of-credit holders get a brief reprieve — but watch oil prices. If inflation keeps rising, a rate hike could follow. 2. Your CPP Contributions Are Getting a Cut in 2027 The 2026 Spring Economic Update proposes to reduce the base CPP con...
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Putin's Cautious Approach to Ukraine Peace Talks

Russian President Vladimir Putin has expressed openness to resolving the ongoing conflict in Ukraine through diplomatic means. Kremlin spokesperson Dmitry Peskov emphasized that while Putin is willing to engage in peace talks, the complexity of the situation makes rapid progress challenging. The Kremlin has highlighted the importance of addressing the root causes of the conflict, which stem from historical tensions and geopolitical disputes.

Despite calls from the United States for swift action, Moscow has reiterated its preference for a measured approach to ensure lasting peace. Putin has also signaled readiness for direct talks with Ukraine, though Kyiv has yet to respond. The situation remains delicate, with both sides needing to navigate a web of political and military considerations to reach a resolution.

This cautious stance underscores the intricate dynamics at play in one of Europe's most significant conflicts in recent history. The world watches as efforts to bridge divides continue.

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