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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Trump's Appointees Criticize Trudeau and Canada's Border Security

In the wake of President-elect Donald Trump's victory, his appointees have been vocal in their criticism of Canadian Prime Minister Justin Trudeau and the country's border security measures. As Trump begins to fill key positions in his administration, many of his most loyal supporters, now landing top jobs, have expressed concerns about Canada's policies.

Mike Waltz, Trump's pick for national security adviser, has repeatedly criticized Trudeau on social media, particularly regarding his handling of issues related to China. Waltz has also commented on the upcoming Canadian election, predicting that Conservative Leader Pierre Poilievre will "send Trudeau packing in 2025" and start addressing what he calls the "progressive mess" in Canada.

Elise Stefanik, Trump's choice for ambassador to the United Nations, has also raised alarms about security at the Canadian border. As a member of the Northern Border Security Caucus, Stefanik has called for increased measures to combat human and drug trafficking, claiming that dangerous illegal immigrants are crossing the northern border in record numbers.

These criticisms highlight the potential for strained relations between the U.S. and Canada as Trump's administration takes shape. With key appointees focusing on border security and foreign policy, the future of Canada-U.S. relations remains uncertain.

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