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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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UN Demand for Gaza Ceasefire Sparks Tensions Between U.S. and Israel



In a historic move, the United Nations Security Council has issued its first demand for a ceasefire in Gaza during the Muslim holy month of Ramadan. This resolution, passed by a 14-0 vote, aims to halt the ongoing conflict between Israel and Hamas. However, it’s the U.S.'s decision to abstain from using its veto power that has ignited the strongest public clash between the allies since the war began.

The UN’s call for a ceasefire was met with mixed reactions. Israeli Prime Minister Benjamin Netanyahu swiftly canceled a planned high-level delegation visit to Washington in protest. The resolution not only demands a cessation of hostilities but also calls for the release of all hostages taken captive during Hamas’ surprise attack in southern Israel on October 7. Notably, the resolution does not explicitly link the release of hostages to the ceasefire during Ramadan, which concludes on April 9.

The U.S. decision to abstain from the vote has drawn criticism. Netanyahu accused the U.S. of “retreating” from its “principled position” by allowing the resolution to pass without conditioning the ceasefire on the release of hostages held by Hamas. White House national security spokesman John Kirby clarified that the abstention was due to the resolution’s failure to condemn Hamas.

This clash underscores the delicate balance between diplomacy, humanitarian concerns, and geopolitical alliances. As negotiations continue, the world watches closely, hoping for a peaceful resolution that preserves human lives and averts further suffering and destruction in the region.



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