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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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Turkey Blocks Instagram Access Over Hamas Chief Post Removal

 

In a significant move, Turkey’s communications authority has blocked access to Instagram, reportedly in response to the platform’s removal of posts related to Hamas political leader Ismail Haniyeh. The Information and Communication Technologies Authority (ICTA) announced the block on Friday, though no official reason was provided.

According to local media, the block came after Instagram removed posts by Turkish users expressing condolences for Haniyeh, who was recently killed. This action follows criticism from Fahrettin Altun, the presidential communications director, who condemned Instagram for censoring messages of sympathy for Haniyeh.

Turkey, which does not classify Hamas as a terrorist organization, has a history of censoring social media platforms. The country is observing a day of mourning for Haniyeh, with flags flown at half-staff. This incident highlights ongoing tensions between Turkey and social media companies over content regulation and freedom of expression.


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