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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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Mark Carney: Quebec's Unlikely Contender

In the bustling political landscape of Quebec, Mark Carney has emerged as a figure who defies conventional expectations. Known for his financial acumen and international reputation, Carney's transition into politics has been met with both skepticism and intrigue. Yet, as the race intensifies, voters appear willing to give him the benefit of the doubt.

Carney's appeal lies in his ability to connect with diverse audiences, blending his expertise with a relatable demeanor. His campaign has focused on addressing economic disparities and fostering unity in a province often marked by linguistic and cultural divides. While critics question his lack of political experience, supporters argue that his fresh perspective is precisely what Quebec needs.

As election day approaches, Carney's journey serves as a reminder that in politics, adaptability and authenticity can sometimes outweigh traditional credentials. Whether he succeeds or not, his candidacy has undoubtedly added a unique dynamic to Quebec's political narrative.




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