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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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Holy Week: A Journey Through Sacred Days

 


Holy Week, the solemn period leading up to Easter Sunday, holds immense significance for Christians worldwide. It encompasses a sequence of events that mirror the final days of Jesus Christ—from triumphal entry to resurrection. Let us walk this sacred path together:

Palm Sunday: Triumphal Entry

On the Sunday before His crucifixion, Jesus embarked on His journey to Jerusalem. As He approached the village of Bethphage, He instructed two disciples to find an unbroken colt and a donkey. Fulfilling ancient prophecy, Jesus humbly rode into Jerusalem, welcomed by crowds waving palm branches and shouting, “Hosanna!” . This day marks His triumphant entry and is recorded in Matthew 21:1-11, Mark 11:1-11, Luke 19:28-44, and John 12:12-19.

Monday: Cleansing the Temple

Jesus returned to Jerusalem, cursing a barren fig tree along the way—a symbol of spiritual fruitlessness. At the Temple, He overturned tables, denouncing corruption and declaring it a house of prayer. Monday’s events are chronicled in Matthew 21:12–22, Mark 11:15–19, Luke 19:45-48, and John 2:13-17.

Tuesday: Teachings and Parables

Jesus spent Tuesday teaching and sharing parables, including the Olivet Discourse. His words focused on the end times and the impending destruction of the Temple.

Wednesday (Spy Wednesday): Betrayal Looms

Judas agreed to betray Jesus, setting the stage for the events to come.

Maundy Thursday: The Last Supper

Jesus shared the Passover meal with His disciples, instituting the Eucharist. His words—“This is my body…this is my blood”—foretold His sacrifice.

Good Friday: Passion and Death

On this solemn day, Jesus was crucified, bearing humanity’s sins. The weight of the cross, the agony, and the darkness enveloped Him.

Holy Saturday (Black Saturday): Burial

Jesus’ body rested in the tomb. Silence hung heavy as the world awaited the dawn of hope .

Easter Sunday: Resurrection

The stone rolled away, and Jesus emerged victorious. Death defeated, redemption proclaimed. His resurrection echoes through eternity.

As we journey through Holy Week, may we reflect on love, sacrifice, and the promise of eternal life. 

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