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5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...

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How Tiny Forests Can Help Fight Climate Change and Boost Biodiversity

 

Climate change and biodiversity loss are two of the most pressing environmental challenges of our time. But what if there was a simple and effective way to tackle both at once? Enter the tiny forest: a dense, fast-growing native woodland, usually about the size of a tennis court, that can provide multiple benefits for people and nature.

Tiny forests originated in Japan, where botanist Akira Miyawaki developed a method to plant a variety of native trees and shrubs in a small area, mimicking the natural succession of a forest. His goal was to restore the native vegetation that had been lost due to deforestation and urbanization. Since then, the concept has spread to many countries, including Canada, where several tiny forest projects have been launched in recent years.

According to research, tiny forests can capture more carbon, more quickly than conventional tree planting, as the trees and shrubs grow faster and compete for light. They can also support a rich diversity of wildlife, such as birds, butterflies and insects, creating a mini-ecosystem in urban areas. Moreover, they can improve air quality, reduce noise pollution, and provide a place for people to connect with and learn about nature.

Tiny forests are also low-maintenance and cost-effective, as they require little watering and weeding after the first few years. They can be planted in vacant lots, neglected parks, or along busy roads, making use of underutilized spaces. They can also involve local communities, schools, and businesses, who can participate in the planting and monitoring of the forests.

Tiny forests are not a silver bullet for the environmental crisis, but they are a powerful tool that can make a difference at a local scale. By planting more tiny forests, we can help fight climate change and boost biodiversity, while also enhancing the well-being and resilience of our cities.

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