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What to Expect from the Bank of Canada on July 15 — And What It Means for Your Mortgage

  The next rate decision is just 17 days away. With inflation running hot, Canada in a technical recession, and mortgage rates on a knife's edge, here is everything you need to know before the announcement. The Short Answer: A Hold Is Almost Certain On July 15, 2026 , the Bank of Canada (BoC) will announce its sixth consecutive interest rate decision since October 2025 — and virtually every indicator points to another hold at 2.25% . The Bank has not moved its overnight rate since it cut to 2.25% last fall. After nine total cuts between June 2024 and October 2025, the easing cycle is effectively paused. Markets currently price the probability of a hike on July 15 at just 1%, and the chance of a cut at around the same slim odds. In other words: almost no one expects anything to change on announcement day. But a "hold" decision does not mean nothing matters. July 15 is one of four dates each year when the BoC releases a full Monetary Policy Report (MPR) alongside its rate ...
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Ceasefire in Gaza: A Historic Prisoner Swap

In a significant development towards peace, Hamas militants released four female Israeli soldiers held captive since October 7, 2023. The soldiers, Karina Ariev, Daniella Gilboa, Naama Levy, and Liri Albag, were handed over to the Red Cross in Gaza City. This exchange was part of a broader ceasefire agreement between Hamas and Israel, which also saw the release of 200 Palestinian prisoners.

The ceasefire, brokered by Egypt and Qatar with backing from the United States, aims to end the 15-month-long conflict that has devastated Gaza. The release of the soldiers was met with jubilation in Israel, with crowds gathering in Tel Aviv's Hostages Square to watch the event on large screens.

Israel's release of the Palestinian prisoners, including many serving life sentences for deadly attacks, was a crucial part of the agreement. The ceasefire has so far held, reducing hostilities and allowing humanitarian aid to flow into Gaza.

This historic exchange marks a hopeful step towards lasting peace in the region, with both sides working towards further negotiations to secure the release of remaining hostages and the withdrawal of Israeli forces from Gaza.




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