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5 Things to Know Today: BoC Holds, Housing Forecast Cut, Fixed-Rate Squeeze (July 17, 2026)

  July 17, 2026 Rates held, home sales forecasts got trimmed again, and fixed-rate mortgage shoppers are feeling the pinch of a wider gap versus variable. Here's what actually moves your money today. 1. The Bank of Canada held its rate at 2.25% — for the sixth straight time The central bank kept its overnight rate unchanged on Wednesday, exactly as economists expected, while trimming its 2026 growth outlook. Policymakers flagged that inflation is gradually cooling but said lingering geopolitical risk and U.S. trade uncertainty keep them cautious about moving in either direction. The next scheduled decision is September 2. What it means for you: Prime rate stays at 4.45%, so variable mortgages, HELOCs, and lines of credit don't move this month. If you're on a variable rate, your payment is unchanged. Savings account and GIC rates aren't likely to shift much either. 2. CREA cut its 2026 home sales forecast again — now expecting a decline The Canadian Real Estate Associat...
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McDonald’s System Outages Reported Worldwide

 


McDonald’s, the global fast-food giant, faced widespread system outages on Friday, causing disruptions at many of its outlets across the world. The technical glitches led to temporary closures of some restaurants and prompted a flurry of complaints on social media platforms.

Reports of system outages spanned multiple countries, affecting operations in Japan, Thailand, and other regions. The company attributed the disruptions to a “technology outage.”  McDonald’s assured customers that they were actively working to fix the issues.

The chain clarified that the problems were unrelated to any cybersecurity incidents. Customers faced inconvenience due to restaurant closures and service interruptions. Social media platforms buzzed with complaints from patrons who encountered difficulties during their visits.

McDonald’s expressed regret for the inconvenience caused and assured customers that they were diligently addressing the technical hiccups.  The company’s teams worldwide were collaborating to restore normal operations swiftly.

While the system outages disrupted McDonald’s usual operations, the chain remains committed to resolving the issues promptly. As they work behind the scenes to fix the technology glitches, customers can expect a smoother experience in the near future.

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