Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Wall Street drifts lower, dragged down by tech and anxiety over China tariffs

U.S. stock futures declined on Wednesday morning, driven by disappointing earnings reports from major technology companies Alphabet Inc. and Advanced Micro Devices (AMD). As of 7:08 a.m. ET, Dow Jones Industrial Average futures were down 0.1%, S&P 500 futures fell 0.4%, and Nasdaq 100 futures dropped 0.8%.

Alphabet, the parent company of Google, saw its shares fall by 7.1% in premarket trading after reporting mixed results, with weaker-than-expected cloud revenue growth. The company also announced a substantial $75 billion investment in artificial intelligence initiatives.

AMD's stock declined by nearly 10% following its earnings release, which revealed data center revenue below analysts' expectations. CEO Lisa Su projected a 7% decrease in data center sales for the upcoming quarter.

In contrast, Walt Disney Co. shares rose after reporting better-than-expected quarterly revenue and profit, despite a slight decrease in Disney+ subscribers.

Investors are also monitoring ongoing trade tensions, as concerns about prolonged tariffs between the U.S. and China add to market instability. China recently announced tariffs on various U.S. products and initiated an antitrust investigation into Google, with potential similar actions against Apple's App Store.

These developments contribute to a cautious market environment, with investors advised to remain vigilant and consider diversification strategies amid the current volatility.

Labels:

Comments

Post a Comment