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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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Parmesan Crusted Chicke

 


For Breading

  • ½ cup all purpose flour
  • 2 eggs
  • ⅔ cup seasoned Italian bread crumbs 
  • ⅓ cup freshly grated Parmigiano-Reggiano cheese
  • ¼ teaspoon salt
  • ¼ teaspoon freshly ground black pepper
  • 1 tablespoon finely chopped fresh herbs, such as thyme, parsley, chives or rosemary

For Chicken

  • 3-4 boneless skinless chicken breasts (about 1½ pounds), pounded ¼"-thick (see note)
  • Salt and freshly ground black pepper
  • ¼ cup olive oil
  • Lemon wedges, for serving

  • INSTRUCTIONS


    • 1. Prepare the Breading Stations: Set up three shallow bowls. Fill the first with flour, the second with beaten eggs, and the third with a mixture of bread crumbs, Parmesan cheese, salt, pepper, and chopped fresh herbs.

    2. Season the Chicken: Season the chicken breasts with salt and pepper.

    3. Bread the Chicken: Dredge each chicken breast in flour, then dip in the egg mixture, and finally coat with the bread crumb mixture.

    4. Cook the Chicken: Heat oil in a large sauté pan over medium heat. Cook the chicken breasts for 2-3 minutes on each side until golden brown and cooked through.

    5. Serve: Serve immediately with lemon wedges.

    This dish is perfect for a weeknight dinner or a special occasion. Enjoy!


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