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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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Ontario’s First Measles Death in Decades: A Grim Reminder for Unvaccinated Children

 

In a tragic turn of events, Ontario has reported its first measles-related death in decades. The victim was a child under the age of five from Hamilton, Ontario. Public Health Ontario (PHO) confirmed that the child was unvaccinated and had fallen seriously ill, ultimately succumbing to the disease.

The Alarming Situation

Measles, once considered a disease of the past, has made a concerning resurgence. Here are some key points:

  1. Unvaccinated Children at Risk: The child who tragically lost their life was one of five unvaccinated kids who fell ill this year. These cases highlight the vulnerability of unvaccinated children, especially when vaccination rates drop.

  2. Measles Cases on the Rise: In 2024, Ontario has already documented 22 cases of measles, nearly a quarter of the roughly 100 cases reported in the entire previous decade. This year’s death marks the province’s first fatal case since 1989.

  3. Global Immunization Challenges: Immunization rates against infectious diseases have declined globally, including in Canada. The pandemic disrupted vaccination programs, leading to missed doses. For example, the proportion of seven-year-olds in Ontario with zero vaccine doses rose significantly between 2019-2020 and 2022-2023.

The Importance of Vaccination

Measles is highly contagious and can lead to severe complications, including pneumonia, brain swelling, blindness, and respiratory failure. Children are supposed to receive two doses of the measles vaccine, with the first administered at 12 months of age. Unvaccinated children, especially those under five, remain at heightened risk.

A Call to Action

This tragic loss underscores the critical importance of vaccination. As a community, we must prioritize immunization to protect our children and prevent further outbreaks. Let us learn from this devastating event and work together to ensure a safer future for all.

Remember: Vaccines save lives. Let’s protect our children and each other.


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