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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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Nine-Month Odyssey: NASA Astronauts Return to Earth

NASA astronauts Butch Wilmore and Suni Williams, along with two other crew members, have safely returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Originally planned as an eight-day test mission, their stay was prolonged due to technical issues with the Boeing Starliner spacecraft.

The astronauts made their journey back aboard SpaceX's Crew Dragon capsule, which undocked from the ISS early Tuesday morning. After a 17-hour trip, the capsule re-entered Earth's atmosphere and splashed down off the coast of Florida under clear skies. The descent was slowed by two sets of parachutes, ensuring a smooth landing.

This mission highlighted NASA's contingency planning and the resilience of its astronauts. Wilmore and Williams, both veteran astronauts and retired U.S. Navy test pilots, faced months of uncertainty before their return. Their homecoming marks the end of a challenging yet historic chapter in space exploration.

The crew will now undergo health checks at NASA's Johnson Space Center in Houston before reuniting with their families. Their extended mission underscores the unpredictable nature of space travel and the importance of adaptability in overcoming challenges.

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