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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 Rise After CPI Data, Fed Signals

 

Investors are closely watching the stock market today as US futures tiptoe higher following the release of the latest Consumer Price Index (CPI) data. The Federal Reserve’s looming decision on interest rates adds to the anticipation.

Key Points:

  • CPI Snapshot: Economists expect the month-over-month Core CPI to have risen, providing insight into inflation trends.
  • Fed’s Stance: Federal Reserve Chair Jerome Powell has signaled that rate cuts are coming, despite inflation ticking up in February.
  • Market Reaction: S&P 500 futures climbed 0.3%, Nasdaq 100 futures rose 0.6%, and Dow Jones Industrial Average futures gained 0.2%.
  • Gold Surges: The gold price surpassed $2,200 an ounce for the first time.
  • Micron Technology Soars: Micron Technology shares surged as much as 18% in premarket trading due to strong demand from AI companies.

Stay tuned for further updates as the Fed’s double whammy—CPI and interest rate decisions—unfolds.


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