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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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Mass Evacuation Ordered in Rafah Amid Escalating Conflict

 

The Israeli military has issued an urgent evacuation order for residents of the Tel al-Sultan neighborhood in Rafah, located in the southern Gaza Strip. This directive comes amidst intensified military operations in the region, which have already caused widespread destruction and displacement.

Thousands of Palestinians were seen fleeing their homes, carrying minimal belongings as they moved on foot toward al-Mawasi, a coastal area hosting makeshift tent camps. The evacuation follows heavy bombardments that have left the neighborhood in ruins, with reports of casualties and injuries mounting. The humanitarian situation in Gaza continues to deteriorate, with the territory officially entering the first stage of famine due to prolonged border closures.

The evacuation order has further compounded the suffering of Gaza's population, many of whom have been displaced multiple times during the ongoing conflict. The scenes of families walking through sand and mud under dire conditions highlight the urgent need for international intervention to address the escalating crisis. 

The situation remains volatile, with no immediate resolution in sight. The global community watches closely as the humanitarian toll rises in this war-torn region. 



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