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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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Honda Reaffirms Commitment to Canadian Auto Production Amid Tariff Concerns


Honda Canada has firmly denied reports suggesting it plans to shift car production from Ontario to the United States. The speculation arose from a Japanese news outlet's claim that Honda was considering relocating some of its manufacturing operations due to recent U.S. auto tariffs. However, Ontario Premier Doug Ford and federal officials have dismissed these claims as inaccurate.

Honda Canada has assured that its Alliston, Ontario facility will continue to operate at full capacity, with no changes being considered at this time. The company remains committed to its Canadian operations, emphasizing that nearly 70% of Honda vehicles sold in Canada are manufactured domestically. Additionally, Honda is actively working on its North American electric vehicle strategy, which includes a $15 billion investment in Ontario to develop a full EV supply chain.

Despite ongoing tariff challenges, Honda has reiterated its confidence in the Canadian market and its ability to navigate evolving trade conditions effectively. The company’s stance provides reassurance to Ontario’s auto industry, which plays a crucial role in Canada’s economy.


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