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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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Enhanced Tracking of Foreign Students Urged by Canadian Criminologist

In a recent statement, Kelly Sundberg, a criminologist and professor at Mount Royal University, emphasized the need for Canada to improve its tracking of foreign students. Sundberg, who has experience in inland immigration enforcement for the Canada Border Services Agency, highlighted the vulnerabilities in the current system that allow for potential exploitation by transnational criminals.

The call for better tracking comes in the wake of an investigation by Indian law enforcement agencies into a scheme involving Canadian colleges and the illegal transportation of international students across the Canada-U.S. border. The investigation revealed evidence of human trafficking linked to the tragic deaths of an Indian family near the Manitoba-Minnesota border in January 2022.

Sundberg suggested that collecting biometric data, such as fingerprints and photos, from non-citizens entering Canada and tying this information to their immigration documents could help address these issues. He also stressed the importance of having a system in place to confirm the departure of temporary residents, including international students.

The federal government and the Royal Canadian Mounted Police (RCMP) have yet to comment on the allegations, which have not been proven in court. However, Sundberg's recommendations have sparked a broader discussion on the need for reforms in Canada's immigration system, especially as the country faces increasing scrutiny over illegal border crossings and asylum claims.

As Canada continues to make significant changes to its immigration policies, including cutbacks on the number of student visas issued, the focus on enhancing tracking mechanisms for foreign students remains a critical priority.




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