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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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Missile Strike Near Israel’s Ben Gurion Airport Sparks Security Concerns

A missile launched from Yemen by the Iran-backed Houthi rebels landed near Israel’s Ben Gurion Airport on Sunday morning, causing temporary flight suspensions and widespread panic among passengers. The missile struck a road near Terminal 3, creating a large crater but causing no significant damage. 

Israeli authorities confirmed that multiple interception attempts failed, leading to the projectile reaching its target. Sirens blared across central Israel, including Tel Aviv, as emergency crews rushed to the scene. The Israeli ambulance service reported that several people sustained minor injuries, with some requiring hospitalization. 

The Houthis claimed responsibility for the attack, stating that Israel’s main airport was “no longer safe for air travel”. In response, Israeli Defense Minister Israel Katz vowed strong retaliation, declaring that “whoever harms us will be harmed sevenfold”. 

Flight operations at Ben Gurion Airport resumed after a brief suspension, though several airlines canceled or delayed departures. The incident comes amid escalating tensions in the region, with Israeli officials set to discuss potential military responses. 

This latest strike underscores the growing threat posed by long-range missile attacks and raises concerns about the effectiveness of Israel’s air defense systems. 


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