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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
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Piña Coladas

 


If you like piña coladas, whip up this frosty cocktail with frozen pineapple, cream of coconut, and rum.

INGREDIENTS

  • 2 cups frozen pineapple chunks
  • 2 cups ice cubes
  • 6 oz. (¾ cup) Coco Lopez® Cream of Coconut
  • 2 oz. (¼ cup) full-fat unsweetened coconut milk
  • or heavy cream
  • 6 oz. (¾ cup) white rum
  • Juice of 1 lime (about 2 tablespoons)
  • Pineapple slices and/or Maraschino cherries, for
  • garnish


  • INSTRUCTIONS  

Put the pineapple, ice, cream of coconut, coconut milk (or heavy cream), rum, and lime  juice into a blender.

Blend until smooth and frosty. Pour into glasses and garnish with pineapple slices and Maraschino cherries, if desired. Serve immediately.





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