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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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Security Breach: Journalist Accidentally Added to U.S. War Plan Chat

In a startling security lapse, Jeffrey Goldberg, editor-in-chief of *The Atlantic*, was mistakenly included in a Signal group chat discussing classified U.S. military operations. The chat, reportedly created by National Security Advisor Mike Waltz, involved high-ranking officials, including Vice President JD Vance and Secretary of Defense Pete Hegseth. The group was coordinating airstrikes against Houthi targets in Yemen.

Goldberg initially doubted the authenticity of the messages but realized their legitimacy when the strikes occurred as described in the chat. This incident has raised serious concerns about the handling of sensitive information on unsecured platforms. The White House has acknowledged the breach and is reviewing the situation.

This unprecedented mistake highlights the risks of using non-secure communication tools for national security matters, sparking debates about operational security and accountability.

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