Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Stocks Open Mixed as Boeing Plunges

The stock market opened mixed today with the Dow Jones Industrial Average ( ^DJI) down around 0.4%, or 170 points, while the S&P 500 ( ^GSPC) rose 0.2% and the tech-heavy Nasdaq ( ^ IXIC) was up 0.5% . The mixed opening comes after all three major stock indexes broke a nine-week winning streak on Friday.

Boeing, one of the largest aerospace companies in the world, saw its shares plunge today. The company’s shares fell to a 2023 low of 176.25 before swinging up and down in Wednesday’s stock market action. The decline in Boeing’s shares comes as investors await the release of U.S. inflation data and brace for the start of earnings season later in the week.


Labels:

Comments

Post a Comment