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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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UK Election 2024: Labour Sweeps to Power in Historic Victory

After more than a decade in opposition, Britain’s Labour Party has emerged victorious in the 2024 general election. The jaded electorate handed the party a landslide win, but now they face the mammoth task of reinvigorating a stagnant economy and a dispirited nation. Here’s what you need to know about this historic election:

The Results

  • Labour Party: Swept to power with a commanding lead, marking the first time in 14 years that a new party has taken control.
  • Conservatives: Gained some support but fell short in the face of Labour’s surge.
  • Reform UK: Held third place, with their earlier rise in support stalling during the campaign’s final weeks.
  • Liberal Democrats: Surpassed their starting position in the polls.
  • Greens, SNP, and Plaid Cymru: Remained relatively stable throughout the campaign.

What Comes Next?

As the dust settles, the new Prime Minister, Keir Starmer, faces the challenge of revitalizing the economy and restoring hope to a weary nation. Meanwhile, the monarchy plays a crucial role: King Charles III must officially appoint the winner as Prime Minister. The eyes of the world are on Britain as it charts a new course under Labour’s leadership.

Stay tuned for further developments as the government takes shape and policies unfold. The UK’s future hangs in the balance, and the decisions made in the coming months will shape the nation for years to come. 

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