Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump Defends Tariffs Amidst Economic Uncertainty



In a recent address to Congress, President Donald Trump defended his tariff strategy, despite acknowledging the potential economic discomfort it may cause. Trump emphasized that the tariffs, which represent the largest increases in a century, are designed to generate significant revenue and rebalance what he perceives as unfair trading relationships. He assured Americans that the economic pain, manifesting as higher prices, would be a "little disturbance" that the nation could overcome.

Trump's speech, which lasted a record-setting 100 minutes, focused on his political strengths, including immigration policies and social issues, while spending relatively little time addressing consumer prices and inflation. He blamed high prices on his predecessor, Joe Biden, and offered few new ideas to lower costs.

The president's approval rating has declined in recent polls, and data shows new strains on the economy, including stagnating factory activity, simmering inflation, and declining consumer confidence. Despite these challenges, Trump remains committed to his tariff strategy, believing it will ultimately benefit the American economy.


Labels:

Comments

Post a Comment