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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...

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Your daily horoscope: November 14, 2024

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Tensions between your ambitions on the work front and your need to have an enjoyable social life will come to the surface over the next 12 months. By planning your daily and weekly schedules carefully you can get the best of both worlds.

ARIES (March 21 - April 20):

You could get involved in a battle of wills today with someone whose stubbornness is a match for your own. It’s the kind of battle that neither side can win, so be ready to compromise and accept an honourable draw when the opportunity arises.

TAURUS (April 21 - May 21):

Take your time and think things through today. The planets warn if you rush into making a decision now you may have to unmake it tomorrow when the moon is full in your sign. The clock isn’t ticking, so why put yourself under pressure?

GEMINI (May 22 - June 21):

The approaching full moon could make it feel as if something is missing from your life. Maybe it is but this is not the right time to make wholesale changes, especially on the work front where you could be somewhat impulsive today.

CANCER (June 22 - July 23):

If someone tries to stop you from doing what you want to be doing today you will of course do it just to spite them. Later on though you will have to admit that if you had followed their advice you might be in a more profitable position.

LEO (July 24 - Aug. 23):

Keep in mind today that in the greater scheme of things your problems are pretty low grade. The upcoming full moon makes it seem as if what’s happening signals the end of the world, or at least the end of the line, but that’s an illusion.

VIRGO (Aug. 24 - Sept. 23):

You can sense that your rivals are watching you closely and hoping that you will make an error they can pounce on. They are going to be disappointed though as you are in one of those moods when you expect of yourself nothing less than perfection.

LIBRA (Sept. 24 - Oct. 23):

Try not to be suspicious when dealing with people whose aims and ambitions don’t seem to make sense. Just because you don’t understand their motives does not mean they are up to no good. Chances are they don’t understand your motives either!

SCORPIO (Oct. 24 - Nov. 22):

You may not be looking for trouble but most likely it will find you today, no matter how hard you try to keep a low profile. If you do have to battle it out with a rival make sure you give 100 per cent. You cannot afford to lose.

SAGITTARIUS (Nov. 23 - Dec. 21):

One or two doubts have crept into your mind in recent weeks and tomorrow’s full moon is sure to magnify them. What you must understand is that not a single one of those doubts has any basis in reality. You’re worrying for no reason.

CAPRICORN (Dec. 22 - Jan. 20):

Because you know there is no such thing as a free lunch you will be wary of anyone who offers you something for nothing today. Under the influence of the current full moon you can and you must question everything. If in doubt, don’t do it!

AQUARIUS (Jan. 21 - Feb. 19):

If you said something harsh to a friend or loved one a while back your words could return to haunt you over the next 24 hours. You may have forgotten about it but they most certainly have not, so an apology may be necessary.

PISCES (Feb. 20 - Mar. 20):

Because you like to think the best of people you can sometimes leave yourself open to being taken advantage of and that could be a problem between now and the weekend. Question everything you are told both at home and at work.

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