Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

G7 Commits to Accelerating Fossil Fuel Transition, but Activists Remain Skeptical

 

Leaders of the Group of Seven (G7) developed democracies have pledged to accelerate their transition away from fossil fuels during this decade. The draft statement from their summit in Italy outlines a commitment to achieve net-zero emissions by 2050, in line with the best available science. However, climate activists remain critical, citing a lack of concrete commitments and the fact that many pledges were already agreed upon in previous meetings. The G7’s focus on phasing out coal power generation and reducing methane emissions is commendable, but some environmentalists express disappointment over the allowance for public investments in natural gas. As the COP29 United Nations climate conference approaches, the G7 leaders plan to submit more ambitious national climate plans. 

Labels:

Comments

Post a Comment