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The Rate Cuts Are Over — Is a Hike Coming?

  July 23, 2026 Oil shocks, sticky inflation and a technical recession are pulling the Bank of Canada in opposite directions at once. For most of the past two years, the only question about the Bank of Canada was how far and how fast it would cut. The overnight rate fell from 5.00% to 2.25% between June 2024 and October 2025, one of the sharpest easing cycles in the Bank's history, and it has held there through six consecutive decisions since. That story is now over. The question on the table for the rest of 2026 isn't whether the Bank cuts again — it's whether the next move is actually a hike. Two conflicting signals, one Bank The case for staying put — or even cutting — comes from the growth side of the ledger. Statistics Canada data showed the economy contracted in both the fourth quarter of 2025 and the first quarter of 2026, meeting the informal definition of a technical recession. That was enough to have some economists warning the Bank had no room to raise rates at a...
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Escalating Tensions: Israel’s Direct Strike Warning to Iran


Amidst rising tensions in the Middle East, Israel has issued a stark warning to Iran, threatening direct military action if Tehran were to launch an attack from its own soil. This development follows the recent killings of Iranian generals at their consulate in Syria, an event that has significantly heightened the long-standing animosity between the two nations.

Israel’s Foreign Minister, in a statement released Wednesday, made it clear that any aggression from Iran would be met with a swift response. "If Iran attacks from its territory, Israel will respond and attack in Iran,” he declared, signaling a potential shift towards more direct confrontation.

The Iranian Supreme Leader, Ayatollah Ali Khamenei, has vowed retaliation against Israel for the consulate attack, which he equated to an assault on Iranian territory. "The evil regime must be punished, and it will be punished,” he affirmed during a sermon marking the end of Ramadan.

The international community watches with concern as both nations refrain from detailing their potential strategies, leaving the world to ponder the implications of such a conflict. As the situation unfolds, the hope for de-escalation remains, but the path forward is fraught with uncertainty.

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