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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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French Left Wants to Govern, but Centrists Assert Their Role

 

Following Sunday’s legislative election, France’s left-wing leaders find themselves in a precarious position. The New Popular Front (NFP), a coalition of left-leaning parties, secured the most seats in the National Assembly but fell short of an absolute majority by about 100 seats. President Emmanuel Macron’s centrists came second, and the far-right National Rally third.

The Dilemma

The unexpected election outcome has plunged France into uncertainty just before the Paris Olympics. With no clear path to a stable government, the NFP faces the challenge of governing without a majority. Jean-Luc Melenchon, leader of the hard-left France Unbowed, insists that the NFP should fully implement its program, which includes raising the minimum wage, lowering the retirement age, and capping prices for essential goods. He rejects the idea of forming a coalition with parties outside the NFP, emphasizing the need to stay true to their principles.

Centrists’ Perspective

Centrists, however, argue that the NFP cannot govern effectively without support from their own parliamentary bloc. Foreign Minister Stephane Sejourne, leader of Macron’s Renaissance party, suggests that the NFP should break up, allowing its more moderate elements to form a broader coalition. Their red lines include support for the EU, fighting racism and antisemitism, transitioning to a green economy, and maintaining France’s appeal as an investment destination.

Uncertain Path Ahead

As NFP leaders meet behind closed doors to decide on a prime minister and governing strategy, France remains in political turmoil. The challenge lies in balancing the left’s ambitions with the centrists’ demands, all while navigating a fragmented parliament.


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