Skip to main content

Featured

Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
Post a Comment
Read more

article

Labels

Stock Market Futures Rise Following Strong Jobs Report

 


In a positive turn of events, US stock futures have nudged higher after the release of a robust jobs report. Here are the key highlights:

  1. March Job Growth: Employers added 303,000 jobs, surpassing economists’ expectations. This impressive growth signals continued strength in the US labor market.

  2. Unemployment Rate: The unemployment rate ticked back down to 3.8%, reflecting a healthy employment landscape.

  3. Wage Growth: Wage growth also met expectations, providing further evidence of economic resilience.

Despite recent market volatility driven by surging oil prices and geopolitical tensions, investors are cautiously optimistic. The Dow Jones Industrial Average futures rose by approximately 0.2%, while S&P 500 futures gained 0.3%. The tech-heavy Nasdaq 100 futures were up by 0.4%.

However, uncertainties persist, with investors closely monitoring economic releases, corporate news, and global events. Oil prices remain near six-month highs due to escalating tensions in the Middle East.

As the market navigates these challenges, the strong jobs report offers a glimmer of hope for investors. It’s a reminder that economic fundamentals continue to play a crucial role in shaping market sentiment.

Stay tuned for further developments as the trading day unfolds. 

Labels:

Comments

Post a Comment