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BoC Holds at 2.25%: What the Rate Decision (and Rising Gas Prices) Mean for Your Wallet

  Thursday, July 16, 2026 Sixth consecutive hold. A weaker 2026 growth forecast. And inflation that's running hotter because of gas prices, not the usual suspects. Here's what actually changes for you. The Bank of Canada held its overnight rate at 2.25% on Wednesday, exactly as markets expected. No surprise there. What's more interesting is why it held, and what it revealed about where the economy — and your bills — are headed next. This was the sixth straight hold since the Bank finished its easing cycle back in October. But buried in the accompanying Monetary Policy Report were a few numbers worth your attention. The Numbers That Matter Overnight Rate 2.25% (unchanged) Prime Rate (typical) 4.45% 2026 GDP Growth Forecast 0.7% (cut from 1.2%) 2027 / 2028 Growth Forecast 1.8% each year May CPI Inflation 3.2% Inflation Excluding Gasoline 2.2% Unemployment Rate (June) 6.5% Next Rate Decision September 2, 2026 Why Gas Prices Are Driving This Decision Here's the twist in th...
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Canada Post Strike Threatens to Derail Critical Holiday Season for Retailers

 

As the holiday season approaches, a strike by over 55,000 Canada Post workers threatens to disrupt deliveries across the country. The Canadian Union of Postal Workers (CUPW) initiated the strike after failed negotiations with the Crown corporation over wages, working conditions, and other issues.

The timing couldn't be worse for retailers, who rely heavily on timely deliveries during this peak shopping period. With mail and parcels not being processed or delivered, businesses are scrambling to find alternative shipping solutions. Rural and remote communities, which depend solely on Canada Post, are expected to be hit the hardest.

While the strike has caused significant concern, Canada Post has assured that government benefit cheques, such as Old Age Security and the Canada Child Benefit, will still be delivered during the strike. However, the overall impact on retailers and consumers remains uncertain, and the situation is being closely monitored as the holiday season kicks into full gear.

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