Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Usha Vance's Greenland Visit Amid U.S. Takeover Speculation

Second Lady Usha Vance is set to visit Greenland later this week, marking a significant moment as President Donald Trump continues to express interest in acquiring the Danish territory. The White House announced that Vance, accompanied by her son and a U.S. delegation, will explore historical sites, learn about Greenlandic heritage, and attend the Avannaata Qimussersu, Greenland's national dogsled race.

This visit comes amidst heightened tensions following President Trump's remarks about Greenland's strategic importance for national and international security. Trump has reiterated his desire to bring Greenland under U.S. control, citing its rich natural resources and geopolitical significance. Greenland's Prime Minister, Mute Egede, has criticized the visit as "highly aggressive," accusing the U.S. of demonstrating power over the territory.

While the White House has framed Vance's trip as a cultural celebration, the timing has raised eyebrows, especially as Greenland navigates its political future. The island's leaders have firmly rejected the idea of becoming part of the U.S., emphasizing their right to self-determination. 

The visit underscores the growing geopolitical interest in the Arctic region, with Greenland at the center of a complex tug-of-war between global powers. As the world watches, the implications of this visit could resonate far beyond the icy shores of Greenland.

Labels:

Comments

Post a Comment