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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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A New Chapter Begins: Prince Rahim Al-Hussaini Ascends as Aga Khan V

 


Prince Rahim Al-Hussaini has been designated the 50th hereditary Imam of the Nizari Ismaili Muslims, marking a historic transition for the community of approximately 12–15 million followers worldwide. Following the unsealing of the late Prince Karim Aga Khan IV’s will after his passing at age 88 in Lisbon, Rahim—now Aga Khan V—steps into his father’s formidable legacy of spiritual leadership and global development.

Born on October 12, 1971, in Geneva, Switzerland, Rahim was educated in the United States, graduating from Brown University with a degree in comparative literature before furthering his studies in management and administration in Barcelona. His longstanding involvement with the Aga Khan Development Network (AKDN) has seen him serve on multiple boards and chair the Environment and Climate Committee. This role underlines his commitment to addressing pressing challenges such as climate change and poverty alleviation, priorities that were central to his father’s philanthropic vision.

As the community embarks on this new era, followers and leaders alike anticipate that Prince Rahim’s leadership will continue the 1,400-year tradition of a living Imam—a figure both revered for his spiritual guidance and entrusted with significant social and economic responsibilities. Global leaders and institutions have already expressed their condolences and confidence in the new Imam’s ability to uphold the values of peace, compassion, and sustainable development.

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