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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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Israeli Airstrike Eliminates Senior Hezbollah Commander in Southern Lebanon

 

In a significant escalation of hostilities, an Israeli airstrike has killed a high-ranking commander in Hezbollah’s elite Radwan forces, according to security sources. The commander, identified as Habib Maatouk, was targeted in southern Lebanon on Thursday.

Maatouk had recently assumed his position following the death of his predecessor, Ali Ahmed Hassin, who was also killed in an Israeli strike earlier this year. The latest attack is part of ongoing tit-for-tat violence between Israel and Hezbollah, which has intensified since October 2023 when Hezbollah declared a “support front” with Palestinians following a major Hamas attack on southern Israel.

The airstrike hit the border villages of Safad El Batikh and Jmaijmeh, resulting in multiple casualties. Eighteen wounded individuals were taken to Tebnin government hospital, with two reported in critical condition. The conflict has led to significant destruction in Lebanese border towns, reminiscent of the 2006 Israel-Lebanon war.

This incident underscores the fragile and volatile nature of the region, with both sides continuing to engage in aggressive military actions. The international community remains concerned about the potential for further escalation and the humanitarian impact on civilians caught in the crossfire.


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