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BoC Holds at 2.25%: What the Rate Decision (and Rising Gas Prices) Mean for Your Wallet

  Thursday, July 16, 2026 Sixth consecutive hold. A weaker 2026 growth forecast. And inflation that's running hotter because of gas prices, not the usual suspects. Here's what actually changes for you. The Bank of Canada held its overnight rate at 2.25% on Wednesday, exactly as markets expected. No surprise there. What's more interesting is why it held, and what it revealed about where the economy — and your bills — are headed next. This was the sixth straight hold since the Bank finished its easing cycle back in October. But buried in the accompanying Monetary Policy Report were a few numbers worth your attention. The Numbers That Matter Overnight Rate 2.25% (unchanged) Prime Rate (typical) 4.45% 2026 GDP Growth Forecast 0.7% (cut from 1.2%) 2027 / 2028 Growth Forecast 1.8% each year May CPI Inflation 3.2% Inflation Excluding Gasoline 2.2% Unemployment Rate (June) 6.5% Next Rate Decision September 2, 2026 Why Gas Prices Are Driving This Decision Here's the twist in th...
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Easy Holiday Rum Balls


An easy holiday rum balls recipe for sweet and delicious, rum-soaked cookie balls. Rum balls are the best bite-sized treat for holiday parties and festive gifting!

  • Ingredients:

    • 2 ½ cups Vanilla Wafers (crushed, about 75 wafers)
    • 1 cup Ground Pecans
    • 1 cup Confectioners’ Sugar
    • 2 tablespoons Baking Cocoa (plus 2 teaspoons)
    • ¼ cup Rum
    • 3 tablespoons Honey
    • 2 tablespoons Water
    • Additional Confectioners’ Sugar or Crushed Vanilla Wafers

  • Instructions:

    1. In a large bowl, mix together the crushed vanilla wafers, ground pecans, confectioners’ sugar, and baking cocoa.
    2. In a separate bowl, combine the rum, honey, and water.
    3. Stir the rum mixture into the dry ingredients until well combined.
    4. Shape the mixture into 1-inch balls.
    5. Roll the balls in additional confectioners’ sugar or crushed vanilla wafers.
    6. Store the rum balls in an airtight container.

Enjoy your delicious rum balls!


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