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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
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Trump Appoints In-Laws to Key International Roles

 


In a move that underscores his reliance on trusted family members, President-elect Donald Trump has appointed his in-laws, Charles Kushner and Massad Boulos, to significant international positions. This decision marks the second time in as many days that Trump has selected family members for key roles in his administration.

Charles Kushner, the father of Trump's son-in-law Jared Kushner, has been named the U.S. ambassador to France. Kushner, a billionaire real estate developer, was previously convicted on federal charges but received a pardon from Trump in 2020. His appointment is expected to play a pivotal role in engaging with the French government, a key partner in enforcing the ceasefire in Lebanon and countering Iran's nuclear ambitions.

Massad Boulos, the father-in-law of Trump's daughter Tiffany, has been appointed as the senior adviser on Arab and Middle Eastern affairs. Boulos, a billionaire businessman with significant interests in Nigeria and strong connections in Lebanon, was a key figure in Trump's campaign outreach to Arab American voters. His new role positions him as a central figure in post-war efforts for regional peace.

Trump's reliance on family members for critical posts has raised questions about conflicts of interest and nepotism. However, Trump has defended his choices, describing both Kushner and Boulos as accomplished leaders with extensive international experience.

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