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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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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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