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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...
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Catherine, Princess of Wales, Reveals Cancer Diagnosis and Begins Chemotherapy

 



In a heartfelt video message released on Friday, Catherine, Princess of Wales, announced that she has been diagnosed with cancer and has already commenced chemotherapy. The news comes after weeks of speculation about her health and whereabouts since she underwent unspecified abdominal surgery in January.

The 42-year-old princess described the diagnosis as a “huge shock” for her and her husband, Prince William. She emphasized the need for privacy during this challenging time for their young family. Catherine’s announcement echoes that of King Charles III, who disclosed his own cancer diagnosis and treatment earlier this year.

Catherine’s health journey has been closely followed by the public, especially after her abdominal surgery. Initially believed to be noncancerous, further tests revealed evidence of cancer. Doctors recommended chemotherapy, which she recently began. The recovery process has been arduous, but Catherine has taken the time to explain everything to her children—George, Charlotte, and Louis—and reassure them that she will be okay.

The royal family now faces a period of deep uncertainty. With both the 75-year-old monarch and Catherine dealing with health challenges, the future remains uncertain. The king’s own cancer diagnosis added to the family’s concerns, although the specific type of cancer has not been disclosed.

Catherine, the future queen, implored the public and the media to respect her family’s need for privacy during this difficult time. She expressed gratitude for the support they have received and asked for understanding as they navigate this personal battle.

As the world sends well wishes and hopes for her speedy recovery, Catherine’s strength and resilience shine through. We stand by her side during this challenging chapter, offering our thoughts and prayers for her health and well-being.


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