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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Trump Grants 30-Day Reprieve on Auto Tariffs for Mexico and Canada


In a recent move, President Donald Trump has announced a 30-day pause on tariffs for auto imports from Mexico and Canada. This decision comes after requests from major automakers, including Ford, General Motors, and Stellantis, who argued that the tariffs would put them at a competitive disadvantage.

The temporary exemption is intended to give these companies time to shift production to the United States, where they will not be subject to tariffs. White House Press Secretary Karoline Leavitt stated that the ultimate goal is to boost domestic auto manufacturing and reduce reliance on foreign production.

While the reprieve offers some relief to the auto industry, it is only a temporary measure. The 25% tariffs on auto imports from Mexico and Canada are still set to go into effect on April 2, unless further exemptions are granted.

The decision has sparked mixed reactions. Some industry experts believe that the pause will provide much-needed breathing room for automakers, while others are concerned about the long-term impact on cross-border supply chains.

As the deadline approaches, the auto industry will be closely monitoring any further developments and potential negotiations between the U.S., Mexico, and Canada.



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