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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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Why ISIS Targeted Russia: Insights into the Moscow Concert Hall Attack

 


In a brazen and deadly attack, assailants stormed Moscow’s Crocus City Hall during a concert, leaving more than 133 people dead and over 100 injured. The concertgoers were attending a performance by a Soviet-era rock band when the violence erupted. The attackers, dressed in camouflage uniforms, opened fire and reportedly hurled explosive devices inside the venue. The concert hall was left in flames, its roof collapsing after the assault.

The Islamic State in Khorasan Province (ISIL-K), also known as ISIL’s Afghan branch, has claimed responsibility for this horrific incident. United States officials have confirmed the authenticity of this claim. But why would ISIS target Russia?

The Motive Behind the Attack

  1. Russia’s Involvement in Syria: Like the United States, Russia has been actively engaged in the fight against Daesh (ISIS) in Syria. The terrorist group perceives both countries as hostile due to their military actions against ISIL.

  2. ISIL-K’s Radical Ideology: ISIL-K remains one of the most active ISIL affiliates. Its brutal reputation is built on radical and tough methodologies. The group’s ideology inspires them to select targets strategically. Moscow, being a major global capital, becomes a prime location for their violent acts.

  3. Historical Context: Russia’s historical involvement in the region, including its presence in Afghanistan and Iran, adds to the group’s perception of Russia as a target.

As ISIL-K continues to operate, we may witness more attacks, possibly in other capitals. The tragedy at Moscow’s concert hall serves as a grim reminder of the ongoing threat posed by extremist groups.


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