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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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Discovering the Means for Your Dream Vacation: Unveiling the Path to Fund Your Getaway

Planning a summer vacation can be an exciting prospect, but it often comes with the challenge of finding the necessary funds to make the trip a reality. To fund your dream summer getaway, start by setting a budget and determining the approximate cost of the vacation, including travel expenses, accommodation, activities, and meals. Next, consider saving money in advance by setting aside a portion of your income each month leading up to the trip. Cutting back on non-essential expenses and redirecting those funds towards your vacation savings can also help. Additionally, exploring opportunities for additional income, such as taking up a part-time job, freelancing, or selling items you no longer need, can expedite the saving process. Planning your vacation during off-peak times or opting for more budget-friendly destinations can further stretch your dollars. With careful financial planning and a bit of resourcefulness, you can find the money needed to embark on a memorable summer vacation without compromising your financial well-being.

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