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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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Canadian Job Market Shows Resilience: 41,000 New Jobs Added Despite Unemployment Rate Uptick


In a recent report by Statistics Canada, the Canadian job market demonstrated resilience in February. Despite the challenges posed by population growth, employers added 41,000 net new jobs during the month. These gains were primarily driven by an increase in full-time positions.

However, the unemployment rate also saw a slight uptick, rising to 5.8 per cent. This development highlights the delicate balance between job creation and population expansion. As the country continues to grow, policymakers and economists closely monitor these trends.

The services sector played a significant role in employment gains, reflecting a diverse range of industries. The Bank of Canada remains vigilant, observing labor market dynamics and wage growth as it assesses the need for any adjustments to its benchmark interest rate.

While the Canadian economy faces headwinds, the job market’s ability to generate new employment opportunities is a positive sign. As we navigate the complexities of a changing workforce, staying informed about these trends is crucial for individuals and policymakers alike.


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