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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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Market Optimism: U.S. Stock Futures Climb Amid China Trade Talks and Fed Decision

U.S. stock index futures edged higher on Wednesday as investors reacted positively to news of upcoming trade discussions between the U.S. and China. Washington announced that representatives from both nations would meet in Switzerland over the weekend, marking a potential step toward de-escalating trade tensions that have rattled global markets.

The Federal Reserve is also in focus, with its policy decision expected later in the day. While the central bank is widely anticipated to hold interest rates steady, traders are closely watching for signals on future monetary policy moves. Market participants are pricing in a possible rate cut by July, following mixed economic data that suggests slowing growth alongside a resilient labor market.

At 07:05 a.m. ET, S&P 500 E-minis were up 0.66%, Nasdaq 100 E-minis gained 0.67%, and Dow E-minis rose 0.73%. Investors are also keeping an eye on corporate earnings, with companies like Walt Disney and Uber Technologies reporting results that could influence market sentiment.

As Wall Street navigates uncertainty, the combination of trade negotiations and Federal Reserve guidance will likely shape market movements in the coming days. Traders remain cautiously optimistic, hoping for clarity on both fronts.

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