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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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Thousands of Canadians Die While Waiting for Surgery



According to a recent report, more than 17,000 Canadians have died while waiting for surgery or diagnostic scans in 2022-23. The report also suggests that the actual number could be higher. This is a concerning issue that needs to be addressed.

Long wait times for surgeries, MRI and CT scans are putting thousands of patients at risk. The surgical waitlist in Ontario alone surpasses 200,000 people . This comes off the back of a 21-page report from CUPE’S Ontario Council of Hospital Unions that found hospital staff vacancies have grown dramatically, increasing 19 per cent over the last year, and currently 37,00 positions remain unfilled .

The consequences of the long waits are stark, as more than 2,000 people died on waiting lists for surgeries last year, up almost 50 per cent from the year before. Another 9,400 patients died waiting for MRIs and CT scans . The situation is dire and requires immediate attention.


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