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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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Hassan Nasrallah: The Enigmatic Leader of Hezbollah

 

Hassan Nasrallah, born in Beirut in 1960, is the Secretary-General of Hezbollah, a prominent Shia Islamist militant group and political party based in Lebanon. Nasrallah joined Hezbollah in 1982, the year it was founded, and quickly rose through its ranks. He became the group’s leader in 1992 after the assassination of his predecessor, Sayyad Abbas Musawi.

Nasrallah is known for his charismatic leadership and strategic acumen, which have significantly shaped Hezbollah’s role in the Middle East. Under his leadership, Hezbollah has engaged in multiple conflicts with Israel and has been a key player in the Syrian Civil War. Despite being viewed as an extremist by Israel and the West, Nasrallah remains a highly influential figure in Lebanese politics and among Shia communities worldwide.

Nasrallah’s leadership style is marked by his ability to inspire loyalty and his adept use of media to communicate with his followers. He has rarely been seen in public in recent years due to fears of assassination, relying instead on televised speeches to maintain his presence.

Recently, reports have emerged claiming that Nasrallah was killed in an Israeli airstrike, although Hezbollah has yet to confirm these claims. If true, his death would mark a significant turning point for Hezbollah and the broader geopolitical landscape of the Middle East.


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