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5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...
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Tragic Crash: Azerbaijan Airlines Flight Crashes in Kazakhstan, Dozens Feared Dead


A devastating incident occurred early Wednesday morning when an Azerbaijan Airlines passenger plane, en route from Baku to Grozny, crashed near the city of Aktau in Kazakhstan. The Embraer 190 aircraft, carrying 67 people, including 62 passengers and 5 crew members, collided with birds and attempted an emergency landing.

The crash resulted in a massive fireball, with initial reports indicating that at least 42 people have lost their lives. Emergency services have managed to extinguish the fire and rescue 25 survivors, 22 of whom have been hospitalized. The passengers included nationals from Azerbaijan, Russia, Kazakhstan, and Kyrgyzstan.

Authorities from both Azerbaijan and Kazakhstan have launched investigations to determine the exact cause of the accident. The incident has drawn condolences from leaders across the region, including Chechnyan leader Ramzan Kadyrov and Russian President Vladimir Putin.

As the investigation continues, the focus remains on providing support to the survivors and the families of the deceased. The aviation community is also closely monitoring the situation to prevent such tragedies in the future.




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