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BoC Holds at 2.25%: What the Rate Decision (and Rising Gas Prices) Mean for Your Wallet

  Thursday, July 16, 2026 Sixth consecutive hold. A weaker 2026 growth forecast. And inflation that's running hotter because of gas prices, not the usual suspects. Here's what actually changes for you. The Bank of Canada held its overnight rate at 2.25% on Wednesday, exactly as markets expected. No surprise there. What's more interesting is why it held, and what it revealed about where the economy — and your bills — are headed next. This was the sixth straight hold since the Bank finished its easing cycle back in October. But buried in the accompanying Monetary Policy Report were a few numbers worth your attention. The Numbers That Matter Overnight Rate 2.25% (unchanged) Prime Rate (typical) 4.45% 2026 GDP Growth Forecast 0.7% (cut from 1.2%) 2027 / 2028 Growth Forecast 1.8% each year May CPI Inflation 3.2% Inflation Excluding Gasoline 2.2% Unemployment Rate (June) 6.5% Next Rate Decision September 2, 2026 Why Gas Prices Are Driving This Decision Here's the twist in th...
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Trump Shooting Incident: Secret Service Confirms RNC Security Plans Unchanged; New Shooter Details Emerge


In the wake of a shooting incident involving former President Donald Trump, the Secret Service has announced that there will be no changes to the security plans for the upcoming Republican National Convention (RNC). The agency reassured the public that current security measures are robust and sufficient to handle any potential threats.

Incident Overview

The shooting occurred during a public appearance by Trump, leading to immediate lockdown procedures and a rapid response from law enforcement and medical personnel. Trump was quickly escorted to safety by his Secret Service detail, and no serious injuries to the former president were reported.

Security Measures

The Secret Service has emphasized that their security protocols are comprehensive and adaptable, designed to protect high-profile individuals under any circumstances. Despite the incident, officials have decided that the existing plans for the RNC remain appropriate and effective.

Details on the Shooter

New information about the shooter has begun to emerge. Preliminary investigations indicate that the individual acted alone. Authorities are delving into the shooter's background, motives, and any potential affiliations. 

Community and Political Reactions

The incident has sparked reactions across the political spectrum, with leaders from both parties condemning the violence and calling for a thorough investigation. The event has also heightened concerns about the safety of political figures and the importance of robust security measures at major events. 

Conclusion

As the investigation continues, the Secret Service's decision to maintain the current RNC security plan highlights their confidence in the existing measures. Meanwhile, the nation watches closely as more details about the shooter and their motives come to light.

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