Skip to main content

Featured

5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...
Post a Comment
Read more

article

Labels

Market Jitters: U.S. Stock Futures Slide Amid Trump’s Criticism of Fed Chair Powell

U.S. stock futures took a hit early Monday as investors reacted to President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell. The remarks, which included renewed calls for Powell’s removal, have raised concerns about the central bank’s independence and its ability to navigate monetary policy effectively.

Trump’s latest comments follow reports that his administration is exploring whether firing Powell is an option. The uncertainty surrounding the Fed’s leadership has added to market volatility, with Dow E-minis dropping 344 points (0.87%), S&P 500 E-minis falling 53.75 points (1.01%), and Nasdaq 100 E-minis declining 209.25 points (1.14%).

Investors are already grappling with broader economic concerns, including ongoing trade tensions and the potential for further interest rate cuts. The dollar weakened against major currencies, while safe-haven assets like gold saw gains. Meanwhile, major tech and growth stocks, including Tesla and Nvidia, also faced premarket declines.

With uncertainty looming over both trade policy and monetary decisions, market participants will be closely watching upcoming economic data and corporate earnings reports for further direction.

Labels:

Comments

Post a Comment