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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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Tragedy in Gaza: School Shelter Targeted Amid Ceasefire Talks


An Israeli airstrike on a school-turned-shelter in Gaza City has claimed the lives of at least 23 people, including children, as Arab mediators work tirelessly to negotiate a long-term truce between Israel and Hamas. The strike ignited tents sheltering displaced Palestinians, leaving many burned alive. 

The attack comes amidst heightened tensions and a seven-week blockade on Gaza, which has severely restricted food and humanitarian aid. International criticism of the blockade has intensified, with France, Germany, and Britain calling it "intolerable". Palestinian President Mahmoud Abbas has urged Hamas to release hostages to prevent further escalation.

The humanitarian crisis in Gaza continues to worsen, with displaced families struggling to survive under dire conditions. The tragedy underscores the urgent need for a resolution to the conflict and an end to civilian suffering.



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