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5 Things to Know Today: BoC Decision, TSX 3-Week High, GTA Home Sales Surge

  Here's what Canadians need to know this Monday — a Bank of Canada decision two days out, a stock market at a three-week high, and a new benefit year kicking in for families. 1. Bank of Canada Decision Lands Wednesday The Bank of Canada announces its next interest rate decision on Wednesday, July 15 , alongside a fresh Monetary Policy Report. After five straight holds, markets are overwhelmingly pricing in a sixth: the overnight rate is expected to stay at 2.25% . Cooling oil-driven inflation fears and a stronger-than-expected June jobs report have taken pressure off the Bank to move in either direction. What it means for you: If you're carrying a variable-rate mortgage or HELOC, expect no change to your payment this week. Fixed-rate shoppers should watch bond yields going into Wednesday — any surprise in tone from the Bank could move fixed rates faster than the overnight rate itself. 2. TSX Closes at a Three-Week High The S&P/TSX Composite ended Friday's session up 1...
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Desperation in Gaza: Hunger Crisis Deepens Amid Looting

The Gaza Strip is witnessing a growing hunger crisis, marked by increased looting of food stores and community kitchens. Aid officials report that desperation has surged two months after Israel imposed a blockade on medical, fuel, and food supplies. At least five incidents of looting were recorded recently, including thefts at community kitchens, merchants' stores, and the UN Palestinian refugee agency's main complex.

The looting reflects the dire situation in Gaza, where hunger and hopelessness are spreading rapidly. Community kitchens, which have been lifelines for hundreds of thousands of Palestinians, are now at risk of closure due to dwindling supplies and looting. Acute malnutrition among children is worsening, with thousands of cases identified, including severe instances.

The blockade, enforced since March 2, has led to skyrocketing food prices and shortages of essential items. Aid organizations warn that the situation is reaching unprecedented levels, with humanitarian efforts hindered by operational and security constraints.

The crisis underscores the urgent need for international intervention to address the humanitarian catastrophe unfolding in Gaza.

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