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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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Safeguarding Your Wealth in a Rising Interest Rate Market


Protect your money

Diversify Your Investments

As interest rates begin to rise, safeguarding your wealth becomes a crucial priority. One effective strategy is to diversify your investments. Relying solely on low-yielding assets may leave your portfolio vulnerable to the impact of increasing interest rates. Instead, consider a balanced approach by spreading your investments across various asset classes, such as stocks, bonds, real estate, and commodities. Diversification helps reduce risk by minimizing the impact of interest rate fluctuations on any single asset. Stocks tend to perform well in a growing economy, which can counteract the adverse effects of rising interest rates on fixed-income investments like bonds. Additionally, allocating a portion of your portfolio to tangible assets like real estate and commodities can act as a hedge against inflation, which often accompanies higher interest rates. Diversification not only safeguards your wealth but also positions your investments to capitalize on market opportunities in a changing interest rate environment.


Refinance Wisely: Safeguarding Your Wealth in Rising Interest Rates

In a rising interest rate environment, refinancing your loans can be a powerful tool to safeguard your wealth. When interest rates climb, borrowing costs increase, which can burden existing loans with higher monthly payments. However, by refinancing strategically, you can take advantage of lower rates and reduce your debt burden. Start by assessing your current loans, such as mortgages, personal loans, or student loans, and compare them to prevailing interest rates. If you find that interest rates have risen significantly, consider refinancing to lock in lower rates before they climb further. Mortgage refinancing, in particular, can yield substantial savings over the long term. By securing a lower interest rate, you not only lower your monthly payments but also potentially shorten the term of the loan, enabling you to build equity faster. Refinancing wisely can free up more disposable income, allowing you to allocate funds to other investments or savings, ultimately protecting and growing your wealth despite the challenging interest rate environment.

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