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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Trump's 'Long Live the King' Post Draws Widespread Criticism

 

Former President Donald Trump's recent social media post declaring "Long Live the King" has ignited a firestorm of controversy and backlash. The post, which was shared on Trump's Truth Social account, celebrated the administration's decision to end congestion pricing tolls in New York City. The official White House social media accounts further amplified the message by sharing an image of Trump wearing a crown, accompanied by the same proclamation.

Critics from across the political spectrum have condemned the post as "embarrassing and disrespectful to our country". Many have expressed concern over the implications of a president referring to himself as a king, with some drawing comparisons to how right-wing media might have reacted if former presidents Barack Obama or Joe Biden had made a similar statement. The backlash has been particularly intense on social media platforms, where users have voiced their disapproval and questioned the appropriateness of the post.

Supporters of Trump, however, have defended the post, arguing that it is merely a form of trolling and should not be taken seriously. They have dismissed the criticism as an overreaction and have praised Trump for his ability to provoke strong reactions from his opponents.

The controversy comes at a time when Trump continues to embrace monarchical imagery, further fueling debates about his leadership style and the direction of his political movement.



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