Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Weston Family Acquires Historic Hudson’s Bay Charter for $12.5M, Plans Museum Donation

 

                          

The 1670 royal charter signed by King Charles II establishing Hudson's Bay is shown on display at the Manitoba Museum where it was loaned to be displayed alongside its permanent collection of Hudson's Bay artifacts, in this 2020 handout photo.



Historic Deal Preserves Canadian Legacy

In a gesture blending heritage preservation with philanthropy, the billionaire Weston family is set to acquire the original charter of the Hudson’s Bay Company for $12.5 million. The centuries-old document, granted in 1670 by England’s King Charles II, established one of the world’s oldest continuously operating companies and played a pivotal role in shaping Canada’s economic and cultural landscape.

The Weston family, known for their stewardship of iconic brands and long-standing support of Canadian institutions, announced plans to donate the charter to a Canadian museum following the purchase. The move ensures the artifact will remain in public hands and accessible to future generations.

"We’re proud to help keep this vital piece of Canada’s history within our national heritage," a Weston family representative stated.

With the charter headed to a museum, the legacy of the Hudson’s Bay Company will continue to inspire curiosity about Canada’s roots in exploration, trade, and Indigenous relations.


Labels:

Comments

Post a Comment