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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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Getting Children Ready for School - Tips for Working Parents



Here are some tips on how working parents can handle getting children ready for school:

1. Plan ahead: Prepare a schedule for the week ahead, including meal plans, homework schedules, and clothes for the next day. This will help you stay organized and avoid last-minute stress.

2. Involve your children: Encourage your children to take responsibility for their own tasks, such as packing their own lunches and laying out their clothes for the next day. This will help them develop independence and make them feel more involved in the process.

3. Prepare meals in advance: Consider preparing meals in advance, such as on weekends or evenings when you have more time. This will save you time during the week and ensure that your children have healthy meals to eat.

4. Create a homework routine: Establish a homework routine that works for your family, such as setting aside a specific time each day for homework. This will help your children develop good study habits and ensure that they complete their homework on time.

5. Ask for help: Don’t be afraid to ask for help from family members or friends if you need it. You can also consider hiring a babysitter or nanny to help with childcare and household tasks.


Remember, it’s important to take care of yourself as well as your children. Make sure to take breaks when you need them and prioritize self-care activities such as exercise, meditation, or reading a book.

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