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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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Trudeau Announces $1 Billion National School Food Program to Support Canadian Kids

 

Prime Minister Justin Trudeau, alongside Finance Minister Chrystia Freeland and Families Minister Jenna Sudds, has unveiled an ambitious initiative aimed at nourishing the future of Canadian children. The newly announced National School Food Program is set to provide meals to an additional 400,000 kids annually, going beyond existing school food programs.

The program, backed by a substantial $1 billion investment over five years, is a testament to Canada’s commitment to ensuring every child has access to nutritious meals. Trudeau emphasized that children deserve the best start in life, and this program aims to address the pressing issue of food insecurity faced by many Canadian families.

Impact and Goals

  • Peace of Mind for Parents: For moms and dads, the program offers peace of mind, knowing that their children are well-fed during school hours.
  • Healthy Meals for Kids: Children will benefit from healthy meals, which contribute to better learning outcomes, growth, and overall well-being.
  • Targeted Support: The program prioritizes vulnerable children, including those from lower-income families and racialized and Indigenous communities.
  • Collaboration with Provinces and Territories: Trudeau emphasized that the federal government will work closely with provinces, territories, and Indigenous partners to ensure effective implementation.

The lack of access to food disproportionately affects children from marginalized backgrounds. By getting healthy food onto the plates of growing kids, this program aims to level the playing field and set children up for success. Investments will also focus on First Nations, Inuit, and Métis communities, addressing some of the highest rates of food insecurity in Canada.

Trudeau’s announcement underscores the importance of investing in the well-being of our youth. As Canada continues to build an inclusive economy, the National School Food Program stands as a beacon of hope, ensuring that no child goes hungry while pursuing their education.


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