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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
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Russia's Conditions for US Talks on Ukraine: A Path to Diplomacy?

 

Russia has recently outlined its demands for potential negotiations with the United States regarding the ongoing conflict in Ukraine. According to sources, Moscow has presented a list of conditions aimed at ending the war and resetting relations with Washington. These demands include barring Ukraine from NATO membership, prohibiting the deployment of foreign troops in Ukraine, and recognizing Russia's claims over Crimea and four Ukrainian provinces.

The discussions between Russian and American officials reportedly took place over the past three weeks, both in-person and virtually. While the exact details of the demands remain unclear, they are said to align with Russia's long-standing positions on NATO's eastward expansion and the "root causes" of the conflict.

Ukrainian President Volodymyr Zelenskyy has expressed openness to a 30-day ceasefire as a preliminary step toward broader peace talks. However, concerns persist among U.S. officials and experts that Russia might use such a truce to further its strategic objectives.

The situation remains fluid, with both sides exploring the possibility of diplomacy while navigating complex geopolitical dynamics. Whether these talks will lead to a resolution or further entrench existing divisions remains to be seen.

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