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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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Tragedy Strikes Sumy: Over 30 Lives Lost in Missile Attack

In a devastating turn of events, a Russian missile strike on the Ukrainian city of Sumy has claimed the lives of at least 32 people, including children, and left 84 others injured. The attack occurred on Palm Sunday, a day meant for peace and reflection, as two ballistic missiles struck the city center around 10:15 a.m. local time.

The aftermath painted a grim picture, with rescue teams working tirelessly amidst the rubble of destroyed buildings and burnt-out vehicles. Acting Mayor Artem Kobzar described the incident as a "terrible tragedy," emphasizing the profound loss felt by the community.

Ukrainian President Volodymyr Zelenskyy condemned the attack, calling for a global response to what he described as acts of terror. This strike marks yet another escalation in the ongoing conflict, highlighting the urgent need for international intervention and a push towards peace.

The attack on Sumy is a stark reminder of the human cost of war, leaving a community in mourning and the world grappling with the consequences of prolonged conflict.

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