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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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A Legend Honoured: Birmingham Bows to Ozzy Osbourne

 


                                        Crowds gather at the Black Sabbath Bridge, named
                                         in honour of the heavy metal band, as the funeral 
                                        cortege of Ozzy Osbourne passes through his hometown, in Birmingham

The streets of Birmingham came alive with emotion as thousands of devoted fans gathered to honour their hometown hero, Ozzy Osbourne. The Black Sabbath frontman, often hailed as the “Prince of Darkness,” was celebrated not with chaos, but with love and reverence in a public tribute that turned the city into a living shrine.

Supporters wearing iconic band tees, waving posters, and chanting lyrics lined the pavements, underscoring the deep bond between Osbourne and the city that shaped his musical legacy. A special ceremony was held near Digbeth, where Ozzy’s early days with Black Sabbath first echoed through grungy rehearsal halls.

 “Ozzy means everything to Birmingham,” said one lifelong fan. “He’s proof you can come from humble beginnings and change music forever.” The tribute included live performances from local bands, video montages of Osbourne’s electrifying career, and heartfelt speeches from musicians and city officials.

The event wasn’t just nostalgia—it was a celebration of resilience, artistry, and a man whose voice became the sound of rebellion for generations. Even as Ozzy battles health challenges, the outpouring of admiration shows his legacy is as powerful and enduring as ever.


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