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5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...
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Israeli Army Issues New Evacuation Orders in North Gaza After Fresh Rocket Fire

 

Amid ongoing conflict, Israeli forces have issued fresh evacuation orders to Palestinians in areas of northern Gaza that were among the first to be hit during the war with Hamas in October. The latest evacuation orders come after militants fired a volley of rockets into Israel. The affected districts include Beit Hanoun and Beit Lahiya, both of which have been largely demolished since the start of Israel’s ground invasion. In a message sent via text or social media, army spokesperson Avichay Adraee urged residents to evacuate immediately to known shelters in the center of Gaza City for their safety.

Despite the fighting in Gaza, Israel is also preparing for a potential assault from Iran and its ally Hezbollah in the north. Tensions remain high, and the conflict continues to impact civilians, with casualties reported in nearby neighborhoods. The situation remains complex, with both sides engaging in military actions and civilians caught in the crossfire.



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