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Canadian Money Brief: 5 Things to Know Today — Tuesday, May 19, 2026

  From Canada's surprise rise to near the top of G7 growth charts, to softening rents, a cooling job market, and a looming trade renegotiation with the U.S. — here's what's moving your money today. 1 Economy & Growth Canada Is the 2nd-Fastest Growing G7 Economy — But Headwinds Loom The IMF now projects Canada to post the 2nd-fastest GDP growth in the G7 for 2026–2027, and the Spring 2026 Economic Update backs that up: the economy grew 1.7% in 2025 while avoiding a recession. Business investment is rebounding — up 2.6% in Q4 2025 — and Canada has attracted a record $97 billion in foreign direct investment. The engine? A relative tariff advantage under CUSMA, strong energy exports, and targeted federal spending. The caution: that momentum is fragile. Higher oil prices, a soft labour market, and a critical U.S. trade review mid-year could all shift the outlook quickly. 💡 What it means for you A growing economy generally supports job stability and wage gains — but don...
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Yemen’s Houthi Rebels Shoot Down US Reaper Drone: Aerial Clash Escalates Tensions

 

Yemen’s Houthi rebels have claimed responsibility for shooting down another of the U.S. military’s MQ-9 Reaper drones. The rebels released footage showing wreckage that corresponds to known pieces of the unmanned aircraft. According to the Houthis, they used a surface-to-air missile to down the Predator drone over their stronghold in the country’s Saada province. The video includes close-ups of parts with the logo of General Atomics, the manufacturer of the drone, and serial numbers matching known components made by the company.

This incident is part of a renewed series of assaults by the Houthis following a relative lull in their pressure campaign over the Israel-Hamas war in the Gaza Strip. While U.S. officials have not immediately commented on the Houthi footage, CBS News previously reported an anonymous U.S. military official acknowledging a drone crash in Yemen.

The MQ-9 Reaper drone, which costs around $30 million each, can fly at altitudes up to 50,000 feet and has an endurance of up to 24 hours before needing to land. Since the Houthis seized Yemen’s north and its capital of Sanaa in 2014, the U.S. military has lost at least five drones to the rebels, including this recent shootdown. The ongoing conflict in Yemen continues to escalate tensions in the region, with the Houthis also launching attacks on shipping in the Red Sea and Gulf of Aden, demanding an end to the war in Gaza.

As the situation unfolds, both sides remain on high alert, and the international community closely monitors developments in this volatile region. The downing of the U.S. Reaper drone adds another layer of complexity to an already fraught conflict landscape.

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