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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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European Leaders Reaffirm Commitment to Paris Climate Agreement at Davos

In a strong show of unity, European leaders at the World Economic Forum in Davos have vowed to uphold the Paris climate agreement, despite the recent withdrawal of the United States under President Donald Trump. European Union chief Ursula von der Leyen emphasized that Europe will continue to work with nations committed to protecting nature and combating global warming. She reiterated that the Paris Agreement remains the best hope for humanity to limit global temperature increases.

The announcement comes amid growing concerns about the global climate crisis and the need for urgent action. Climate activists at Davos also made their voices heard, calling for increased taxation on the super-rich to fund a just and green future. United Nations climate chief Simon Stiell highlighted the unstoppable energy transition, with significant investments in clean energy.

Despite the U.S. withdrawal, European leaders remain steadfast in their commitment to the Paris Agreement, aiming to lead the global fight against climate change and ensure a sustainable future for all.

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