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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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Ontario's Bold Economic Stand: Starlink Contract Axed Amid U.S. Tariffs

 

Ontario Premier Doug Ford has announced a sweeping economic response to U.S. tariffs by canceling a nearly C$100‑million contract with Elon Musk’s Starlink. The agreement, signed last November to provide high-speed satellite internet to 15,000 remote homes and businesses across the province, is now being scrapped as part of Ford’s broader initiative to shield Ontario’s economy from what he calls “destructive” American trade practices.

In a fiery statement on social media, Ford declared that Ontario will ban U.S. companies from provincial contracts until the tariffs—imposed by President Donald Trump—are removed. “We’ll be ripping up the province’s contract with Starlink. Ontario won’t do business with people hellbent on destroying our economy,” he asserted, emphasizing that the province’s annual procurement spending of over $30 billion is at stake.

This decisive move is not only a repudiation of the ongoing trade conflict but also a signal to American businesses that Ontario is ready to defend its local industry. While Ford remains confident in the province’s legal position should any challenges arise over the cancellation, critics and proponents alike are watching closely as this trade dispute continues to reshape economic policies on both sides of the border.

As the situation unfolds, Ontario’s actions underscore a broader trend of regional resistance to policies perceived as harmful to local economies—a trend that may have lasting implications for future trade negotiations.

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