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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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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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