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BoC Holds at 2.25%: What the Rate Decision (and Rising Gas Prices) Mean for Your Wallet

  Thursday, July 16, 2026 Sixth consecutive hold. A weaker 2026 growth forecast. And inflation that's running hotter because of gas prices, not the usual suspects. Here's what actually changes for you. The Bank of Canada held its overnight rate at 2.25% on Wednesday, exactly as markets expected. No surprise there. What's more interesting is why it held, and what it revealed about where the economy — and your bills — are headed next. This was the sixth straight hold since the Bank finished its easing cycle back in October. But buried in the accompanying Monetary Policy Report were a few numbers worth your attention. The Numbers That Matter Overnight Rate 2.25% (unchanged) Prime Rate (typical) 4.45% 2026 GDP Growth Forecast 0.7% (cut from 1.2%) 2027 / 2028 Growth Forecast 1.8% each year May CPI Inflation 3.2% Inflation Excluding Gasoline 2.2% Unemployment Rate (June) 6.5% Next Rate Decision September 2, 2026 Why Gas Prices Are Driving This Decision Here's the twist in th...

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Your daily horoscope: February 10

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You will get a lot of advice from friends and family members over the coming year but if you are smart you will ignore it all and follow your instincts instead. Deep down you already know what needs to be done, so let your inner voice guide you.

ARIES (March 21 - April 20):

For every problem there is a solution and your current dilemma will be easily resolved once you stop searching for reasons why your efforts are likely to fail. You’re an Aries. You’re supposed to be assertive and ambitious. So make it work!

TAURUS (April 21 - May 21):

The next few days are going to be hugely important for you, especially on the work front where if you put in the required time and energy the results will be amazing. Don’t get overly serious about your ambitions though – make time for fun as well.

GEMINI (May 22 - June 21):

If you are looking for ways to escape restrictions that are holding you back you will most likely find them over the next few days. You need to be aware, however, that some of those restrictions may be for your own good, so be sensible about it.

CANCER (June 22 - July 23):

The fact that you have so many choices now appears to be making life more complicated than it needs to be, so focus only on the objectives that mean the most to you. Move in the direction of your dreams a step at a time.

LEO (July 24 - Aug. 23):

If you are smart you will start the week at a slow and steady pace. You have pushed yourself hard in recent weeks and both physically and mentally you need to recharge your batteries. If you don’t, you could run out of steam altogether!

VIRGO (Aug. 24 - Sept. 23):

Do you continue with a project that is going to be tough on you both physically and mentally? Only you can make that decision but if it’s for a cause that is close to your heart you may regret it later on if you give it a miss now.

LIBRA (Sept. 24 - Oct. 23):

Fortune is smiling on you and at least one of your long-term dreams will come true over the next few days. The sun’s move through the most dynamic area of your chart won’t last forever though, so get moving and get it done.

SCORPIO (Oct. 24 - Nov. 22):

According to the planets you seem to have a guilty conscience about something you said or did in the recent past. You cannot go back and change things but you can make amends in some way. Have you thought about saying “sorry”?

SAGITTARIUS (Nov. 23 - Dec. 21):

The more you are on the move as the new week begins the more fun you will have. You will also get to know people whose friendship could be of benefit to you in the near future. Let them know who you are and what you can do.

CAPRICORN (Dec. 22 - Jan. 20):

Take time out of your busy schedule to question your priorities and, where necessary, make changes that will point you in the direction you know you should be going. Even a Capricorn can veer a bit off course occasionally – it’s really no big deal.

AQUARIUS (Jan. 21 - Feb. 19):

If there is something you want to see in your life now is the ideal time to work out a plan that can make it happen. The sun remains in your sign only until the 18th, so get a move on and act as if you cannot possibly fail.

PISCES (Feb. 20 - Mar. 20):

You may feel that your ideas are not being taken seriously by loved ones and colleagues but a week or so from now there will be a marked improvement in other people’s attitudes, so there is no need to get uptight about it. Be patient.

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