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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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Southern U.S. Paralyzed by Record Snowfall: Thousands of Flights Cancelled

 

Thousands of flights were cancelled and travel was severely disrupted across the southern United States as a major winter storm brought the region's largest snowfall in almost four years.

The storm, which began on Thursday, drew Arctic air from the north and a surge of Gulf moisture from the south, creating a potent low-pressure system that blanketed states from Texas to the Carolinas with heavy snow. 

In Arkansas, the small town of Mena reported the highest snowfall total with 36 cm of snow, while Little Rock saw 20 cm, doubling its average annual snowfall. The historic snowfall also ended a 1,076-day snowless streak in Charlotte, North Carolina.

Air travel was heavily impacted, with nearly half of all flights into and out of Atlanta cancelled on Friday.The storm also caused significant highway delays and power outages in northeastern Texas and southwestern Arkansas.

As the storm continues to move through the southeast and Mid-Atlantic states, more disruptions are expected, with a swath of 5-15 cm of snow forecasted across the western Carolinas and southern Virginia.




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