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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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Centrist Benny Gantz Resigns from Israeli War Cabinet Amid Frustrations with Netanyahu

 

Benny Gantz, a centrist member of Israel’s three-man war Cabinet, announced his resignation on Sunday, citing Prime Minister Benjamin Netanyahu’s mismanagement of the war effort and prioritization of his own “political survival” over the country’s security needs. Gantz’s departure does not immediately threaten Netanyahu’s majority coalition in parliament, but it leaves the Israeli leader more reliant on far-right allies who oppose the latest U.S.-backed cease-fire proposal and advocate for continued military action.

Gantz, a popular former military chief, had joined Netanyahu’s government shortly after the Hamas attack in a show of unity. His presence bolstered Israel’s credibility with international partners, particularly the United States. However, his frustration with Netanyahu’s lack of a new plan for postwar Gaza led to his decision to step down. Gantz called for elections in the fall and encouraged Defense Minister Yoav Gallant to follow suit and resign from the government as well.

The move highlights the ongoing tensions within the Israeli government and underscores the challenges of managing the conflict in Gaza. As Netanyahu faces increased reliance on right-wing members of his government, the international community watches closely, concerned about the impact on stability and prospects for peace in the region.

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