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What to Expect from the Bank of Canada on July 15 — And What It Means for Your Mortgage

  The next rate decision is just 17 days away. With inflation running hot, Canada in a technical recession, and mortgage rates on a knife's edge, here is everything you need to know before the announcement. The Short Answer: A Hold Is Almost Certain On July 15, 2026 , the Bank of Canada (BoC) will announce its sixth consecutive interest rate decision since October 2025 — and virtually every indicator points to another hold at 2.25% . The Bank has not moved its overnight rate since it cut to 2.25% last fall. After nine total cuts between June 2024 and October 2025, the easing cycle is effectively paused. Markets currently price the probability of a hike on July 15 at just 1%, and the chance of a cut at around the same slim odds. In other words: almost no one expects anything to change on announcement day. But a "hold" decision does not mean nothing matters. July 15 is one of four dates each year when the BoC releases a full Monetary Policy Report (MPR) alongside its rate ...
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The 2024 U.S. Presidential Debate: A Pivotal Moment

 

 The upcoming presidential debate between Joe Biden and Donald Trump is indeed a pivotal moment in the U.S. election. Here’s why:

  1. Unusual Timing: Unlike typical debates held in September or October, this one is scheduled three months earlier. Both candidates will face off at 9 p.m. ET on Thursday. This early debate provides a unique chance for voters to assess them for long, unimpeded stretches.

  2. Resetting the Trajectory: Joe Biden, trailing slightly in most surveys, aims to reset the race by proposing an early debate under specific rules to limit heckling and interruptions. If successful, it could shift the campaign dynamics.

  3. Historic Significance: Longtime Republican strategist Karl Rove called it “the most important 90 minutes of this election season.” While debates don’t typically swing elections, this one has the potential to solidify a candidate’s lead.

  4. Past Debates: The first-ever televised debates between John F. Kennedy and Richard Nixon in 1960 are often remembered because they did influence the outcome. Kennedy’s telegenic performance helped turn the tide in his favor.

In summary, while debates don’t always change the game, this early face-off could be a defining moment in the 2024 U.S. election. Get your popcorn ready—it’ll be a heck of a night! 

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