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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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Canada’s Solar Eclipse: A Celestial Spectacle

On April 8, 2024, a remarkable and rare celestial event will unfold over Canada, the United States, and Mexico—a total solar eclipse. As the Moon aligns perfectly between Earth and the Sun, temporary darkness will sweep across parts of our country, captivating countless spectators.

In Canada, the solar eclipse’s path of totality will pass through several cities and towns in Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland. During those precious minutes, lucky observers within this path will experience complete darkness as the Moon completely obscures the Sun. For those outside the path of totality, a partial solar eclipse will still be visible, with the Sun partially hidden.

Remember that looking directly at the Sun during an eclipse can lead to serious eye damage. Always use appropriate eye protection when witnessing this awe-inspiring event. The last total solar eclipse visible in Quebec was over 50 years ago (in 1972), and the next one won’t occur until 2106. So mark your calendars and prepare to witness this once-in-a-generation phenomenon!


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