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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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Top 6 Winter Health Hazards and How To Beat Them

 


Winter is a beautiful season, but it also comes with some health risks that you should be aware of. Here are the top 6 winter health hazards and how to beat them:

1. Cold and flu: The most common winter illnesses are cold and flu, which are caused by viruses that spread through respiratory droplets. To prevent getting sick, wash your hands frequently, avoid touching your face, get a flu shot, and stay home if you have symptoms. To treat a cold or flu, drink plenty of fluids, rest, and take over-the-counter medications as needed.

2. Frostbite: Frostbite is a condition where the skin and underlying tissues freeze due to exposure to extreme cold. It usually affects the fingers, toes, nose, ears, and cheeks. To prevent frostbite, dress warmly in layers, cover your exposed skin, and limit your time outdoors in cold weather. To treat frostbite, seek medical attention as soon as possible, warm the affected area gradually with warm water or body heat, and avoid rubbing or breaking the skin.

3. Hypothermia: Hypothermia is a condition where the body temperature drops below 95°F (35°C) due to exposure to cold. It can cause shivering, confusion, drowsiness, and even death. To prevent hypothermia, dress warmly in layers, stay dry, and avoid alcohol and caffeine. To treat hypothermia, seek medical attention as soon as possible, move to a warm place, remove wet clothing, and wrap the person in blankets or warm clothes.

4. Dry skin: Dry skin is a common problem in winter due to low humidity and harsh winds. It can cause itching, cracking, and bleeding. To prevent dry skin, moisturize your skin daily, use gentle cleansers, and avoid hot showers and baths. To treat dry skin, apply a thick moisturizer or petroleum jelly to the affected areas, and use a humidifier or vaporizer to add moisture to the air.

5. Seasonal affective disorder (SAD): SAD is a type of depression that occurs during the winter months due to reduced sunlight and shorter days. It can cause mood swings, low energy, appetite changes, and difficulty sleeping. To prevent SAD, get enough sunlight during the day, exercise regularly, and maintain a healthy diet. To treat SAD, consult your doctor about medication or light therapy options.

6. Carbon monoxide poisoning: Carbon monoxide is a colorless, odorless gas that can be produced by faulty furnaces, fireplaces, generators, or car engines. It can cause headaches, nausea, dizziness, and even death. To prevent carbon monoxide poisoning, install carbon monoxide detectors in your home, check your heating system regularly, and never run your car in an enclosed space. To treat carbon monoxide poisoning, seek medical attention as soon as possible, move to a fresh air source, and administer oxygen if available.

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