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The Rate Cuts Are Over — Is a Hike Coming?

  July 23, 2026 Oil shocks, sticky inflation and a technical recession are pulling the Bank of Canada in opposite directions at once. For most of the past two years, the only question about the Bank of Canada was how far and how fast it would cut. The overnight rate fell from 5.00% to 2.25% between June 2024 and October 2025, one of the sharpest easing cycles in the Bank's history, and it has held there through six consecutive decisions since. That story is now over. The question on the table for the rest of 2026 isn't whether the Bank cuts again — it's whether the next move is actually a hike. Two conflicting signals, one Bank The case for staying put — or even cutting — comes from the growth side of the ledger. Statistics Canada data showed the economy contracted in both the fourth quarter of 2025 and the first quarter of 2026, meeting the informal definition of a technical recession. That was enough to have some economists warning the Bank had no room to raise rates at a...

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Grilled Shrimp Tacos with Avocado Salsa

 

Ingredients: 

  • 1/2 small shallot, roughly chopped
  • 1 jalapeño pepper, seeded and roughly chopped
  • 1 clove garlic, roughly chopped
  • 1 ripe avocado, diced
  • 1 small tomato, diced
  • 1/4 teaspoon salt
  • 1 tablespoon fresh lime juice
  • 2 tablespoons chopped fresh cilantro
  • 1 pound large shrimp, peeled and deveined
  • 1 tablespoon olive oil
  • 1/2 teaspoon chili powder
  • 1/4 teaspoon salt
  • 1/8 teaspoon cayenne pepper
  • 8 corn tortillas


Directions: 

  1. Begin by making the avocado salsa. Combine the shallot, jalapeño pepper, and garlic in a food processor and process until finely minced. Add the mixture to a bowl along with the avocado, tomato, salt, lime juice, and chopped cilantro. Stir to combine.

  2. Next, prepare the shrimp by combining it with the olive oil, chili powder, salt, and cayenne pepper. Toss until evenly combined.

  3. Grill the shrimp over medium heat. If you’re worried your shrimp will slip through, you can always thread them on skewers or just cook them indoors in a skillet. Either way, be careful not to overcook them — they only need a minute or two per side.

  4. Finally, heat the tortillas on the grill or in the microwave, and assemble the tacos with all the fixings.


 

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