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The Rate Cuts Are Over — Is a Hike Coming?

  July 23, 2026 Oil shocks, sticky inflation and a technical recession are pulling the Bank of Canada in opposite directions at once. For most of the past two years, the only question about the Bank of Canada was how far and how fast it would cut. The overnight rate fell from 5.00% to 2.25% between June 2024 and October 2025, one of the sharpest easing cycles in the Bank's history, and it has held there through six consecutive decisions since. That story is now over. The question on the table for the rest of 2026 isn't whether the Bank cuts again — it's whether the next move is actually a hike. Two conflicting signals, one Bank The case for staying put — or even cutting — comes from the growth side of the ledger. Statistics Canada data showed the economy contracted in both the fourth quarter of 2025 and the first quarter of 2026, meeting the informal definition of a technical recession. That was enough to have some economists warning the Bank had no room to raise rates at a...
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Tesla Raises Prices in Canada by Up to $9,000 Starting February 1

 

Tesla Inc. has announced a significant price increase for its vehicles in Canada, effective February 1. The price hike will impact all trims of the Model 3, Model Y, Model S, and Model X. The most substantial increase will be seen in the Model 3, with prices rising by up to $9,000. Other models, including the Model Y, Model S, and Model X, will see increases of up to $4,000.

Tesla has not provided a specific reason for the price increase, but it coincides with the potential imposition of tariffs by the U.S. government. Additionally, the weakening Canadian dollar and higher costs compared to U.S. pricing have been cited as contributing factors.

This price adjustment comes on the heels of an earlier $1,000 increase in January, which pushed the Model 3 and Model Y out of eligibility for federal electric vehicle incentives. With the federal iZEV rebate program also running out of funds, the cost of purchasing a new Tesla in Canada is set to rise even further.

Tesla enthusiasts and potential buyers are now faced with higher price tags, raising questions about the affordability and demand for electric vehicles in the Canadian market.




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