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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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Wall Street Poised for Gains as U.S.-Britain Trade Deal Nears Completion

Wall Street is set for a higher open as investors react to news that the United States and Britain are on the verge of finalizing a trade agreement. The deal, expected to be announced at 10 a.m. ET, aims to lower tariffs on select goods, marking a significant step in trade relations between the two nations.

Market optimism is reflected in premarket trading, with Dow E-minis rising 0.75%, S&P 500 E-minis up 0.94%, and Nasdaq 100 E-minis climbing 1.32%. The agreement follows a pause in country-specific tariffs imposed by the U.S. last month, signaling a potential shift in trade policy.

Investors are also keeping an eye on semiconductor stocks, which have gained momentum amid reports that the U.S. may ease export restrictions on AI-related chips. Meanwhile, economic data shows a decline in unemployment claims, further boosting market sentiment.

As Wall Street prepares for the official announcement, analysts suggest that this trade deal could serve as a blueprint for future agreements with other global partners. The market’s response will likely depend on the specifics of the deal and its broader implications for international trade.



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