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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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Trump’s Controversial Stance on Crimea: A Path to Peace or a Political Gamble?


In a recent interview, U.S. President Donald Trump stated that "Crimea will stay with Russia," sparking intense debate over his approach to ending the war in Ukraine. Trump emphasized that Ukrainian President Volodymyr Zelenskyy and others "understand" this position, citing historical ties and the region's predominantly Russian-speaking population. Crimea, annexed by Russia in 2014, remains a contentious issue in peace negotiations.

Trump has accused Zelenskyy of prolonging the conflict by resisting concessions, including the recognition of Crimea as Russian territory. Meanwhile, Russia continues its aggressive military actions, with recent drone strikes causing civilian casualties in Ukraine. Trump’s administration faces mounting pressure to broker a peace deal, with warnings that U.S. military aid to Ukraine could be at risk if negotiations stall.

Critics argue that Trump's stance undermines Ukraine's sovereignty and sets a dangerous precedent. Supporters, however, view it as a pragmatic step toward ending a devastating war. As the situation unfolds, the world watches to see whether this controversial strategy will lead to peace or further conflict.

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