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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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Tensions Escalate as Hezbollah Leader Issues Stark Warnings to Israel and Cyprus

 

In a recent televised address, the leader of Lebanon’s Hezbollah, Sayyed Hassan Nasrallah, delivered a stern warning to both Israel and Cyprus, signaling a potential escalation in regional tensions. Nasrallah’s speech comes amid ongoing hostilities and serves as a reminder of the fragile state of affairs in the Middle East.

  • Dire Warnings: Nasrallah cautioned that in the event of a full-scale war, “no place” in Israel would be safe from Hezbollah’s reach. His threats extended to Cyprus, which he accused of aiding Israeli military exercises, suggesting that it could be considered “a part of the war.”

  • Hezbollah’s Capabilities: The militant group has demonstrated its ability to strike at sea, as evidenced by the attack on an Israeli warship during the 2006 war. Reports suggest that Hezbollah may possess advanced anti-ship missiles, further underscoring the seriousness of Nasrallah’s threats.

  • Cyprus’ Involvement: Nasrallah’s address marks the first time Cyprus has been explicitly threatened by Hezbollah. The Mediterranean nation has allowed Israel to use its airspace for drills, though not during active conflicts, raising questions about its role in regional security dynamics.

  • A Call for Caution: The international community must remain vigilant as the situation unfolds. Nasrallah’s declarations underscore the need for diplomatic efforts to prevent further escalation and ensure stability in a region that has seen too much conflict.

This development highlights the complex interplay of military, political, and diplomatic factors in the Middle East, where the actions of one nation can have far-reaching implications for its neighbors and beyond.



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