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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
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Your daily horoscope: October 18, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

An issue that never bothered you much in the past will become more important to you over the coming 12 months. As you get more involved you will meet people who share your values and together you can create a community that changes the world.

ARIES (March 21 - April 20):

If you are serious about turning your ideas into realities then you must stop wasting time on people and activities that distract you from pursuing your goals. Yes, if you can imagine it you can do it, but you still need to manage your time wisely.

TAURUS (April 21 - May 21):

You are more sensitive than most people realize and yesterday’s eclipse is likely to have left you feeling a bit fragile. Give yourself time to rest today and then make the most of the weekend, by which time you should be back to your best.

GEMINI (May 22 - June 21):

Because you get bored easily you find it hard to focus on one thing at a time, and that’s okay, but if you chase after too many goals it is inevitable that your efforts will fall short of the mark. Limit yourself to just two objectives today.

CANCER (June 22 - July 23):

The best way to approach a work-related problem is to pretend that it is no problem at all. Yesterday’s eclipse may have shaken things up a bit but as the dust settles you will realize that things are still pretty much the same as they were before.

LEO (July 24 - Aug. 23):

If you give your imagination permission to roam you will come up with some really good ideas today, and one idea in particular could be a real money-spinner if you are prepared to get serious about it. Think long-term but act immediately.

VIRGO (Aug. 24 - Sept. 23):

If something good happens today, and almost certainly it will, don’t waste time trying to work out why you have been so fortunate. If Lady Luck makes an effort to smile on you the least you can do is make an effort to enjoy it.


LIBRA (Sept. 24 - Oct. 23):

What a friend or loved one suggests you do together today may not inspire you much but if you are smart you will do it anyway. Yesterday’s lunar eclipse may have upset one-to-one relationships a bit but it won’t take much to heal the wounds.

SCORPIO (Oct. 24 - Nov. 22):

The planets are urging you to commit yourself to a cause or movement that you feel passionate about. Don’t just stand on the sidelines making negative comments – get directly involved and be one of the few who make a difference in the world.

SAGITTARIUS (Nov. 23 - Dec. 21):

Make a serious effort to understand something that up until now has left you baffled. Once one bit of the puzzle makes sense it won’t be long before you are able to join the dots and see the bigger picture – and it’s a very nice picture indeed.

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