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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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Stock Market Hits Pause as Investors Eye Jobs Data; Bitcoin Surges Past $100,000

                                        

US stock futures stalled on Thursday as investors awaited fresh jobs data, causing the Nasdaq, Dow, and S&P 500 to hit a pause on their recent rallies. Meanwhile, Bitcoin continued its impressive run, surpassing the $100,000 mark.

Market Movements

  • Dow Jones Industrial Average (YM=F): Futures were little changed, signaling a pause in the record-setting rally that saw the Dow close above 45,000 for the first time.
  • S&P 500 (ES=F): Contracts hovered below the flat line, with investors counting down to Friday's monthly jobs report.
  • Nasdaq 100 (NQ=F): Also saw little movement, with futures hovering below the flat line.

Bitcoin's Surge

Bitcoin (BTC-USD) reached around $102,500 after breaking through the key $100,000 level late on Wednesday. This surge is driven by hopes for a crypto-friendly administration under President-elect Donald Trump, who nominated Paul Atkins to chair the Securities and Exchange Commission.

Economic Indicators

Investors are closely watching Friday's nonfarm payrolls report for a reality check on Federal Reserve Chair Jerome Powell's upbeat take on the US economy. A strong jobs report could impact the market's belief in a December rate cut.

Conclusion

As the stock market takes a breather, all eyes are on the upcoming jobs data and Bitcoin's continued ascent. The market's reaction to these events will be crucial in shaping investor sentiment moving forward.



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