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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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Israel Detains Director of Northern Gaza's Last Operating Hospital Amid Ongoing Conflict

In a dramatic escalation of the ongoing conflict, Israeli forces detained Dr. Hussam Abu Safiya, the director of Kamal Adwan Hospital, one of the last functioning medical facilities in northern Gaza. The arrest comes amid a series of overnight strikes that killed nine people, including children.

According to Gaza's Health Ministry, Israeli troops stormed the hospital on Friday, forcing staff and patients to evacuate in harsh winter conditions. Reports indicate that Dr. Abu Safiya and dozens of other hospital staff were taken to an interrogation center. The Israeli army has not responded to questions regarding the detention.

The hospital, which has been repeatedly targeted over the past three months, has seen its infrastructure severely damaged. The Health Ministry reported that a recent strike killed five medical personnel, further crippling the already strained healthcare system in Gaza.

The World Health Organization has condemned the raid, stating that it has put the last major health facility in northern Gaza out of service. The organization has called for an immediate ceasefire and the protection of healthcare facilities and personnel.

The conflict continues to escalate, with both sides suffering significant casualties. The international community has expressed growing concern over the humanitarian crisis unfolding in Gaza.



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