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5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...
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Pope Francis to Make First Public Appearance in Over a Month

Pope Francis, 88, is set to make his first public appearance in five weeks this Sunday. The Vatican announced that the pontiff, who has been battling double pneumonia, will greet the public and offer a blessing from the window of his room at Rome's Gemelli Hospital. This marks a significant moment, as the pope has been hospitalized since February 14, making this his longest absence from public view since his election in 2013.

While his health has shown improvement, the Vatican has indicated that Pope Francis will not deliver the traditional Angelus prayer this Sunday, signaling that his recovery is ongoing. The pope's hospitalization has been a challenging period, but his resilience and determination to connect with the faithful remain evident.

This appearance will undoubtedly bring relief and joy to Catholics worldwide, who have been praying for his swift recovery. It also highlights the pope's commitment to his role, even amidst health challenges.

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