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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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Beijing’s Meddling: Canada’s Democracy Faces Unprecedented Threats

 

Canada’s former ambassador to China, Guy Saint-Jacques, has issued a stark warning: Beijing’s interference in Canada’s democracy is more severe than ever. A recent report from the National Security and Intelligence Committee of Parliamentarians (NSICOP) alleges that sitting federal politicians are “witting” participants in foreign interference schemes. Despite these bombshell allegations, the government has yet to reveal their identities, citing intelligence concerns. Saint-Jacques emphasizes the need for a tougher approach, suggesting that evidence-based punishment should be applied where possible. Additionally, the proposed Bill C-70 aims to address foreign interference, but its implementation timeline remains uncertain. As Canada grapples with these challenges, safeguarding democratic processes becomes paramount.


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