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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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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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