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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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Media Revelation Spurs Probe: Premier Smith Addresses Health Contract Allegations

 

Alberta Premier Danielle Smith stated during a recent press briefing that she first learned of the allegations concerning irregularities in health service contracts through media reports  The claims allege that political interference influenced the approval process for private healthcare contracts at Alberta Health Services (AHS), as detailed in a letter from the former AHS CEO .

During the briefing, Premier Smith maintained her confidence in the health minister and denied any involvement in the alleged wrongdoing. She announced that her office has promptly coordinated with the province’s auditor general to secure all relevant documents and ensure a swift, transparent investigation.

Opposition leaders have demanded a comprehensive judicial inquiry into the contracting practices, calling for greater transparency and accountability. As the probe unfolds, Premier Smith remains committed to resolving any issues that may arise and to improving Alberta’s health services.



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