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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...
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Foiled Plot to Attack Taylor Swift Concerts in Vienna: Suspects Planned Mass Casualties

In a chilling turn of events, authorities in Austria have thwarted a plot to attack Taylor Swift’s upcoming Eras Tour shows in Vienna. The prime suspect, a 19-year-old Austrian with North Macedonian roots, confessed to planning a suicide attack. His horrifying intentions included not only taking his own life but also causing mass casualties among concertgoers using knives and explosive devices.

The suspect had downloaded bomb-building manuals and was found in possession of hydrogen peroxide, homemade explosives, detonators, and detonator cables at his apartment. Interior Minister Gerhard Karner emphasized that a tragedy was prevented thanks to the authorities’ intervention.

Additionally, a second suspect, a 17-year-old Austrian citizen with Turkish and Croatian roots, had Islamic State and al Qaeda material at their home. A third suspect, a 15-year-old Austrian national with Turkish roots, is currently being questioned by authorities.

The cancellations of three sold-out concerts devastated Swifties worldwide, many of whom had invested significant resources in travel and lodging for the now-canceled shows.

This incident serves as a stark reminder of the importance of vigilance and security measures at large-scale events. Thankfully, authorities acted swiftly to prevent a potential tragedy, ensuring the safety of concert attendees and the community at large.

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