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BoC Holds at 2.25%: What the Rate Decision (and Rising Gas Prices) Mean for Your Wallet

  Thursday, July 16, 2026 Sixth consecutive hold. A weaker 2026 growth forecast. And inflation that's running hotter because of gas prices, not the usual suspects. Here's what actually changes for you. The Bank of Canada held its overnight rate at 2.25% on Wednesday, exactly as markets expected. No surprise there. What's more interesting is why it held, and what it revealed about where the economy — and your bills — are headed next. This was the sixth straight hold since the Bank finished its easing cycle back in October. But buried in the accompanying Monetary Policy Report were a few numbers worth your attention. The Numbers That Matter Overnight Rate 2.25% (unchanged) Prime Rate (typical) 4.45% 2026 GDP Growth Forecast 0.7% (cut from 1.2%) 2027 / 2028 Growth Forecast 1.8% each year May CPI Inflation 3.2% Inflation Excluding Gasoline 2.2% Unemployment Rate (June) 6.5% Next Rate Decision September 2, 2026 Why Gas Prices Are Driving This Decision Here's the twist in th...
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Blossoms in Bloom: Transforming a Quiet Park into a Springtime Haven

Each spring, the Lower Mainland witnesses a magical transformation as cherry blossoms burst into bloom, drawing crowds to parks that are otherwise quiet and unassuming. One such park, typically known for its barren landscape, becomes a vibrant hub of activity as visitors flock to admire the delicate pink and white blossoms.

The cherry blossoms, with their fleeting beauty, symbolize renewal and the ephemeral nature of life. Families, photographers, and nature enthusiasts gather under the blooming trees, capturing moments of joy and serenity. The park, once overlooked, becomes a cherished destination, reminding everyone of the simple pleasures that nature offers.

This annual spectacle not only highlights the beauty of cherry blossoms but also fosters a sense of community as people come together to celebrate the arrival of spring. It's a reminder that even the most unassuming places can hold extraordinary charm when nature takes center stage.

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