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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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Netanyahu Condemns ICC Ruling, Gains Broad Political Support

 

Israeli Prime Minister Benjamin Netanyahu has strongly denounced the International Criminal Court’s (ICC) decision to issue arrest warrants for him and former Defense Minister Yoav Gallant. Netanyahu labeled the ruling as “anti-Semitic” and “absurd,” asserting that Israel will not succumb to international pressure in defending its citizens.

The ICC’s warrants accuse Netanyahu and Gallant of war crimes related to the recent conflict in Gaza, including allegations of starvation and persecution of Palestinians. The court’s decision has sparked a rare moment of unity among Israeli politicians, with both allies and opponents rallying to Netanyahu’s defense.

Former Prime Minister Naftali Bennett criticized the ICC, calling the warrants a “mark of shame” on the court itself. Opposition leader Yair Lapid described the ruling as a “reward for terrorism,” while Benny Gantz, who briefly joined Netanyahu’s war cabinet, condemned the court’s "moral blindness".

Security Minister Itamar Ben-Gvir suggested a bold response by annexing the occupied West Bank, further intensifying the political discourse.

The ICC’s decision has undoubtedly deepened the diplomatic rift, with Israel and its key ally, the United States, not recognizing the court’s jurisdiction. As the situation unfolds, the international community watches closely, anticipating the potential ramifications on the ongoing conflict and future peace negotiations.


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