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The Rate Cuts Are Over — Is a Hike Coming?

  July 23, 2026 Oil shocks, sticky inflation and a technical recession are pulling the Bank of Canada in opposite directions at once. For most of the past two years, the only question about the Bank of Canada was how far and how fast it would cut. The overnight rate fell from 5.00% to 2.25% between June 2024 and October 2025, one of the sharpest easing cycles in the Bank's history, and it has held there through six consecutive decisions since. That story is now over. The question on the table for the rest of 2026 isn't whether the Bank cuts again — it's whether the next move is actually a hike. Two conflicting signals, one Bank The case for staying put — or even cutting — comes from the growth side of the ledger. Statistics Canada data showed the economy contracted in both the fourth quarter of 2025 and the first quarter of 2026, meeting the informal definition of a technical recession. That was enough to have some economists warning the Bank had no room to raise rates at a...
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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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