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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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Stocks Rebound After Tuesday’s Sell-Off: A Resilient Recovery

 

On Wednesday, US stocks staged a remarkable comeback, recovering from the previous day’s sell-off triggered by hotter-than-expected inflation data. Investors witnessed a swift turnaround as major indices regained their footing.

Key Highlights

  • Dow Jones Industrial Average (DJI): The blue-chip index rebounded by 0.4%, reclaiming ground after a 500-point drop—its worst performance since March 2022
  • S&P 500 (GSPC): The broader market index surged by nearly 1%, demonstrating resilience in the face of recent volatility.
  • Nasdaq Composite (IXIC): Tech stocks also participated in the recovery, climbing approximately 1.3%.

The surprise consumer inflation report had initially spooked the market, but calm is gradually settling in. Investors are now adjusting their expectations regarding interest rate cuts. Chicago Fed President Austan Goolsbee emphasized that one inflation report should not cause undue panic, and the underlying trend still points to inflation approaching the Federal Reserve’s 2% target.

Lyft (LYFT), the ride-hailing giant, experienced a wild ride of its own. After an initial 67% surge following a financial update, the stock corrected an error in its statement, ultimately closing up a more modest 35% during Wednesday’s trading session.

As the market recalibrates, investors are closely monitoring economic indicators and central bank policies. The path forward remains uncertain, but the resilience displayed by stocks in the face of adversity is a testament to their enduring appeal.


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