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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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Israeli Strikes in Gaza and Syria: Escalation Amidst Regional Unrest

 

In a significant escalation of tensions in the Middle East, Israeli forces launched airstrikes targeting both Gaza and suspected weapons sites in Syria. The strikes in Gaza resulted in the deaths of at least six people, including one woman. Among the casualties was Raed Ghabaien, who was killed along with his wife when an Israeli strike hit their tent in Zuweida.

Simultaneously, Israeli forces targeted suspected chemical weapons and missile sites in Syria. This action follows the recent capture of Damascus by Syrian rebel forces, leading to the ousting of President Bashar al-Assad, who has reportedly fled to Moscow.

The U.N. Security Council is set to hold emergency consultations on Syria at Russia's request. Israeli officials have stated that these strikes are aimed at preventing weapons from falling into the hands of extremists.

The situation remains fluid, with international reactions pouring in. Japan has expressed grave concern over the humanitarian conditions in Syria, while the U.S. Central Command has launched its own airstrikes targeting Islamic State group camps in central Syria.

As the region grapples with these developments, the international community watches closely, hoping for a peaceful resolution to the ongoing conflict.



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