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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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US Futures Dip as Investors Seek Inspiration


The US stock market futures are showing a slight decline today as investors search for inspiration amid mixed signals. Let’s break down the key points:

  1. Rate-Cut and AI Growth Hopes Take a Hit:

    • The recent optimism surrounding rate cuts and artificial intelligence (AI) growth has waned. Federal Reserve officials have emphasized that interest rates will remain higher for longer due to persistent inflation concerns.
    • High yields on 10-year Treasury bonds have weighed on growth stocks, particularly megacap Big Tech companies.

  2. Arm’s Revenue Forecast Dampens AI Enthusiasm:

    • Arm, a major chip designer, provided a downbeat annual revenue forecast. This has cast doubt on the AI growth narrative that had previously boosted chip stocks.
    • Shares of Arm dropped 9% in pre-market trading, and sector peers Nvidia and AMD also saw slight declines.

  3. Earnings Season Continues:

    • Warner Bros. Discovery reported earnings that missed estimates, failing to provide support for investors seeking positive catalysts.
    • Other companies, including Roblox and Yelp, are also reporting earnings today as the season winds down.

  4. Macro Front Updates:

    • Keep an eye on weekly jobless claims data, which is due later today.
    • San Francisco Fed Chief Mary Daly is scheduled to speak, potentially providing further insights.

In summary, the stock market remains cautious, with investors closely monitoring earnings reports and macroeconomic indicators. The path forward depends on how various factors play out in the coming days.


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