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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Dow Tumbles Amidst Rising Yields and Global Unrest

 

The Dow Jones Industrial Average faced a significant downturn as geopolitical tensions and a sharp increase in Treasury yields rattled investors. The spike in yields came on the heels of unexpectedly robust retail sales data, which suggested that the Federal Reserve might delay anticipated interest rate cuts. This development has cast a shadow over the recent strong earnings reported by major banks like Goldman Sachs.

The market’s reaction was swift, with the Dow falling 248 points, or 0.7%, while the S&P 500 and NASDAQ Composite also saw declines of 1.2% and 1.8%, respectively. The rise in Treasury yields, particularly the 10-Year Treasury jumping 11 basis points to 4.61%, indicates a shift in investor sentiment towards caution amidst economic growth and potential policy shifts.

As the global financial community monitors the unfolding events, the impact of these tensions and economic indicators will continue to play a critical role in shaping market dynamics in the days ahead.

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