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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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Canada Post Strike Enters Fourth Week Amid Rising Tensions


As the Canada Post strike approaches its four-week mark, tensions between the Crown corporation and the Canadian Union of Postal Workers (CUPW) continue to escalate. The ongoing strike, which began on November 15, 2024, has left millions of deliveries at a standstill, impacting businesses and consumers alike.

The union and management have been trading accusations of bad-faith bargaining. The CUPW criticized Canada Post's latest offers, stating that they do not address key issues such as wage increases, job security, and working conditions. In response, Canada Post claimed that the union's proposals have widened the gap between the two parties, introducing new demands that complicate negotiations.

With federal mediation on hold and no end in sight, the business community has called for government intervention. However, Prime Minister Justin Trudeau has so far resisted stepping in, urging both sides to reach an agreement.

As the strike drags on, small businesses, especially retailers relying on parcel deliveries during the holiday season, are feeling the brunt of the disruption. The CUPW has also filed an unfair labour practice complaint over layoffs of striking workers, adding another layer of contention.

The future of negotiations remains uncertain, with both parties standing firm on their positions. The impact on the economy and public services continues to grow, leaving many to wonder when a resolution will be reached.




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