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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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Lockheed Martin's Proposal: Job Creation Tied to F-35 Fighter Jet Contract

 

Lockheed Martin, the U.S. defense contractor behind the F-35 fighter jet, has proposed creating additional jobs in Canada if the Canadian government commits to fulfilling its full order of 88 F-35 aircraft. This offer comes amidst ongoing discussions about the $19 billion contract, which was initially signed in 2023 to replace Canada's aging CF-18 fleet.

Currently, Canada has committed to purchasing only 16 of the 88 jets, with the first deliveries expected in 2026. Lockheed Martin's proposal aims to incentivize Ottawa to proceed with the remaining 72 aircraft by emphasizing the economic benefits of job creation. The company has highlighted the potential for roles in engineering, manufacturing, and other sectors critical to the Canadian economy.

However, the proposal is not without controversy. Prime Minister Mark Carney has ordered a review of the F-35 contract, citing concerns over trade relations with the United States and the geopolitical implications of relying on U.S.-made military equipment. Alternatives, such as the Swedish Gripen fighter jet, are also being considered, with some advocating for domestic production to boost Canadian sovereignty and job creation.

As the federal government navigates these complex decisions, the debate over the F-35 contract underscores the intersection of defense procurement, economic growth, and international relations.


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