Skip to main content

Featured

5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
Post a Comment
Read more

article

Labels

Flash Freeze Warning: Brace for Sudden Temperature Plunge in Eastern Ontario and Quebec

 

Environment Canada has issued a flash freeze warning that’s set to send shivers down the spines of residents in eastern Ontario and nearly all of Quebec. If you were basking in the surprisingly warm temperatures on Tuesday, get ready for a meteorological rollercoaster.

What’s Happening?

  • A dramatic change in temperatures is expected on Wednesday as a sharp cold front sweeps through the region.
  • The warning extends from as far south as Kingston, Ontario, to as far north as Caniapiscau in Quebec’s Côte-Nord region.
  • By Wednesday night, Ottawa is predicted to plummet to a bone-chilling –13°C, with a chance of rain showers or flurries.
  • Environment Canada urges caution due to suddenly icy and slippery surfaces, including highways, roads, walkways, and parking lotsTake extra care when walking or driving in affected areas.

Record Heat and Frosty Reversal

  • On Tuesday, several Ontario communities, including Belleville, Kemptville, and Picton, shattered daily temperature records.
  • Ottawa is poised to break its own record by reaching a balmy high of 14°C before the impending flash freeze.
  • This year’s mild winter, which curtailed the opening of the Rideau Canal Skateway, is attributed to a mix of climate change and El Niño.
  • Let’s hope the skaters and walkers along the Rideau Canal enjoyed their brief 10 days of winter wonderland.


Labels:

Comments

Post a Comment