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Bank of Canada Holds at 2.25%: Markets Today, July 15, 2026

  Wednesday, July 15, 2026 The Bank of Canada held its policy rate at 2.25% for a sixth consecutive decision this morning, giving Canadians the widely expected outcome while equity, bond and currency markets continue to digest yesterday's cooler-than-expected U.S. inflation report. Here's everything you need to know about today's rate call and where markets stood heading into the session. Today's Top Story At 9:45 a.m. ET, the Bank of Canada kept its overnight rate target unchanged at 2.25%, alongside a fresh quarterly Monetary Policy Report. Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers followed with a press conference to explain the decision. Economists had been almost unanimous in expecting a hold, as the Bank continues to balance elevated headline inflation — driven largely by higher energy prices tied to the Strait of Hormuz conflict — against a softer underlying economy and lingering trade uncertainty with the U.S. TSX: Yesterday's Close Toda...
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Wall Street Futures Dip as Holiday-Shortened Week Concludes

 

 U.S. stock index futures fell on Friday as Wall Street wrapped up a holiday-shortened week. The Dow Jones Industrial Average futures dropped 119 points (0.27%), while S&P 500 futures declined by 22 points (0.36%). Futures tracking the tech-heavy Nasdaq 100 also fell by 92.25 points (0.42%).

Despite the dip, the S&P 500 has nearly recovered from last week's losses, driven by the U.S. Federal Reserve's projection of fewer interest rate cuts in 2025. The benchmark index is now just 1% below its all-time high reached on December 6.

Investors are now eyeing the "Santa Claus rally," a traditional stock-buying season in the last five trading sessions of December and the first two of January. Historically, the S&P 500 has climbed 1.3% on average during this period since 1969.

Trading volumes have been lower than average this week and are expected to remain subdued until January 6. The next major focus for markets will be the December employment report due on January 10.




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