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5 Things to Know About Your Money Today — May 11, 2026

  Your fast, no-fluff briefing on what's moving Canadian money today. 1. Bank of Canada Stays on the Sidelines The Bank of Canada held its overnight rate steady at 2.25% at its April 29 meeting — and signalled it's comfortable staying put, for now. Governor Tiff Macklem told the House of Commons Finance Committee that the Bank projects the economy will grow a modest 1.2% in 2026 , picking up to 1.6% in 2027. The caveat? Monetary policy may need to be "nimble" depending on how U.S. tariffs and Middle East energy prices evolve. Translation: don't expect a rate cut to rescue your mortgage renewal anytime soon. What it means for you: Variable-rate borrowers get a brief reprieve, but fixed rates remain sensitive to oil-driven inflation. Review your renewal timeline now. 2. TSX Ends the Week in the Green The S&P/TSX Composite closed Friday at 34,077 , up 0.65% on the day, with the Canadian dollar sitting at roughly 73 cents USD . Crude oil is hovering near...
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Tech Relief: U.S. Exempts Electronics from Latest Tariffs

In a significant move, the U.S. government has decided to exempt smartphones, computers, and other electronics from its latest round of tariffs. This decision, announced by U.S. Customs and Border Protection, provides much-needed relief to major technology firms like Apple and Dell Technologies, as well as chip manufacturers such as Nvidia.

The exemptions cover 20 product categories, including laptops, hard drives, memory chips, and flat-panel monitors. These items, primarily imported from China, will no longer be subject to the steep 125% reciprocal tariffs or the 10% baseline tariffs on imports from other countries. This move is expected to ease the financial burden on consumers and tech companies alike, especially as many of these products are not manufactured domestically.

Analysts have hailed the decision as a positive step for the tech industry, which has been grappling with uncertainties due to ongoing trade tensions. Dan Ives, a Wedbush Securities analyst, described the announcement as "bullish news" for tech investors. 

The exemptions reflect an awareness of the potential impact of tariffs on inflation-weary consumers and the broader economy. While the trade war between the U.S. and China continues, this decision offers a temporary reprieve for the tech sector. 



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