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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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Trump Taps Fox News Host and Loyalists for Top White House Positions

 

President-elect Donald Trump has announced several key appointments for his upcoming administration, including the selection of Fox News host Pete Hegseth as Secretary of Defense. Hegseth, a decorated Army veteran and outspoken supporter of Trump, has been a prominent figure on Fox News and is known for his conservative views.

In addition to Hegseth, Trump has chosen other loyalists for top positions. Florida Congressman Michael Waltz has been named National Security Adviser, bringing his experience as a former Green Beret and counterterrorism adviser. South Dakota Governor Kristi Noem will serve as Secretary of Homeland Security, despite her lack of direct experience in national security.

These appointments reflect Trump's preference for loyalty and alignment with his "Make America Great Again" agenda. Critics argue that the selection of media personalities and political loyalists over seasoned experts could lead to challenges in governance and policy implementation.

As Trump prepares to take office, the nation watches closely to see how these new appointments will shape his administration and impact U.S. domestic and foreign policies.

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