Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Wall Street Wavers Amid Tech Sector Turmoil and China Trade Concerns

 

Wall Street experienced a mixed opening on Thursday, following a significant downturn in the technology sector due to escalating trade tensions with China. Premarket trading showed varied results, with the Dow Jones Industrial Average futures dipping by 0.2%, while S&P 500 futures rose by 0.2%. The tech-heavy Nasdaq, which had its worst day since 2022, managed a slight rebound of 0.4%.

The market’s volatility was largely driven by concerns over potential new trade restrictions. Reports indicated that U.S. President Joe Biden is considering stringent measures against companies like ASML and Tokyo Electron if they continue to supply advanced semiconductor technology to China. This news sent shockwaves through the tech sector, with shares of Tokyo Electron plummeting 8.8% and other chip-related stocks also taking a hit.

In addition to the tech sector’s woes, Domino’s Pizza saw a significant drop of over 10% after announcing lowered expectations for store openings this year. Conversely, Chuy’s Holdings surged by 47% following the announcement of its acquisition by Darden Restaurants in a $605 million deal.

European markets showed modest gains, with France’s CAC 40 up 0.5%, Germany’s DAX inching up 0.2%, and Britain’s FTSE 100 adding 0.6%. Meanwhile, Japan’s Nikkei 225 index closed down 2.4%, reflecting the broader concerns over trade and currency fluctuations.

As the day progresses, investors will be closely monitoring developments in trade policies and their potential impact on the global economy.


Labels:

Comments

Post a Comment