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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
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Trump's Day One Agenda: Sweeping Changes on the Horizon*

As Donald Trump prepares to be sworn in for his second term as President of the United States, he has laid out an ambitious agenda for his first day back in office. Trump has promised to issue a series of executive orders that will have far-reaching impacts on immigration, trade, and government structure.

One of the most significant changes Trump has pledged is the launch of the largest deportation program in American history, targeting undocumented immigrants. He has also vowed to end birthright citizenship, a move that would likely face significant legal challenges.

On the trade front, Trump plans to impose substantial tariffs on goods from Mexico, Canada, and China. He has proposed a 25% tariff on all Mexican and Canadian goods and a 60% tariff on Chinese goods. Additionally, Trump has mentioned the creation of an "External Revenue Service" to collect tariffs and other foreign fees.

Trump's agenda also includes issuing potentially thousands of pardons, including for those involved in the January 6th Capitol attack. He has indicated that these actions will begin shortly after his inauguration, setting the tone for a presidency marked by swift and decisive action.

As Trump returns to the Oval Office, his day-one promises signal a dramatic shift in policy and governance, reflecting his commitment to fulfilling his campaign pledges and solidifying his legacy.



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