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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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Israeli Prime Minister's Office Refutes Claims of Hamas Agreement on Gaza Ceasefire

 

In a recent development, the office of Israeli Prime Minister Benjamin Netanyahu has denied reports that Hamas has agreed to a ceasefire proposal mediated by Qatar. Contrary to earlier claims by an Israeli official, the Prime Minister's office stated that Hamas has not yet responded to the deal.

The proposal, which aims to halt the ongoing conflict in Gaza, was reportedly set to be formally announced on Thursday, with the first phase of the agreement commencing on Sunday. However, the Prime Minister's office clarified that no official communication has been received from Hamas regarding their acceptance of the terms.

This denial comes amidst ongoing negotiations and efforts by international mediators to broker a ceasefire and secure the release of hostages held by Hamas in exchange for Palestinian prisoners. The situation remains fluid, with both sides yet to reach a final agreement.


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