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5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...
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Dow Set to Build on Rally as Major Week for Markets Begins

 

The Dow Jones Industrial Average is poised to continue its upward momentum as a significant week for the markets kicks off. U.S. stock futures rose on Monday, with Dow futures up approximately 0.4%, following a surge of over 650 points last week. S&P 500 futures and Nasdaq 100 futures also showed gains of 0.4% and 0.6%, respectively.

Investors are gearing up for a busy week filled with key events, including a Federal Reserve rate decision, the July nonfarm payrolls report, and earnings reports from major tech companies like Apple, Microsoft, Amazon, and Meta. The market’s recent rally was bolstered by a promising inflation reading, which has strengthened bets for future interest-rate cuts.

Despite the positive outlook, the market remains cautious after a volatile period marked by a significant tech sell-off. The Federal Reserve is expected to hold off on any rate changes at its meeting on Wednesday, with many analysts predicting that any action will be delayed until September. The upcoming jobs report on Friday is anticipated to reveal potential weaknesses in the labor market, which could influence the timing and extent of future rate cuts.

As investors await these crucial updates, over 150 members of the S&P 500 are set to release their quarterly results, starting with McDonald’s on Monday. This week promises to be a pivotal one for the markets, with potential surprises that could test the resilience of the current rally.


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