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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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Desperate Struggle for Survival: Palestinians Risk Death in Gaza’s Aid Rush

 

The sun beats down mercilessly on the war-torn streets of Gaza. Amid the rubble and despair, a desperate struggle unfolds—a life-or-death scramble for aid. For Palestinians like Omar Deeb, hunger has become a relentless adversary, forcing them to embark on what they grimly refer to as “death missions.”

Omar Deeb, a 37-year-old father of six, recounts his harrowing experiences. “If I go,” he says, “we eat. And if I don’t, we don’t eat.” His family resides in a makeshift shelter—a school that now doubles as their refuge. But securing sustenance is no simple task.

The Israeli ground and air campaign, raging for six months, has left a trail of devastation. Over 32,000 Palestinians have lost their lives, and more than 75,000 bear the scars of wounds inflicted by the conflict. Israel’s offensive, triggered by a Hamas attack on southern Israel, has plunged Gaza into an abyss of suffering.

Deeb’s quest for survival has led him to the frontlines. He narrowly escaped Israeli tank fire while scouring for food. Yet, he witnessed others fall victim to the same perilous pursuit. Pieces of a shattered building struck him as he reached for flour from aid trucks entering northern Gaza. His wounds remain unhealed, a testament to the desperate lengths he goes to feed his family.

But the dangers persist. On February 29, over 100 people lost their lives as they ventured toward aid. Israel contends that these deaths occurred due to trampling or collisions with aid trucks. On March 23, gunfire erupted at an aid drop point near Gaza’s Kuwait roundabout, claiming more lives. The Popular Committees, a group formed to secure aid convoys, suffered heavy losses.

“Every time (I go),” Deeb confides, “it feels like the last time.” He bids farewell to his wife and children, knowing that each mission could be his last. His five-year-old son already fell victim to an Israeli strike on their home in December.

The United Nations warns of an impending famine, and the U.S. echoes the same dire prediction. The struggle for survival in Gaza is etched in desperation—a race against time, hunger, and the specter of death.

As aid falls from the sky, Palestinians risk everything to grasp a lifeline. In this besieged enclave, where hope flickers like a fragile flame, the battle for sustenance becomes a fight for life itself.

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