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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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Healthy meals: Salmon with Broccoli and Brown Rice

 


Here's a simple and healthy recipe for Salmon with Broccoli and Brown Rice:

Ingredients:

For the Salmon:

  • 2 salmon fillets
  • 1 tablespoon olive oil
  • 1 teaspoon lemon juice
  • 1 teaspoon garlic powder
  • Salt and pepper to taste

For the Broccoli:

  • 2 cups broccoli florets
  • 2 tablespoons olive oil
  • 1 teaspoon garlic powder
  • Salt and pepper to taste

For the Brown Rice:

  • 1 cup brown rice
  • 2 cups water
  • A pinch of salt


Instructions:

1. Cook the Brown Rice:

  • Rinse the brown rice thoroughly in a fine-mesh strainer.
  • In a medium saucepan, combine the rinsed rice, water, and a pinch of salt.
  • Bring the mixture to a boil, then reduce the heat to low, cover, and simmer for about 45-50 minutes, or until the rice is tender and the water is absorbed.
  • Once done, remove the saucepan from heat and let it sit, covered, for about 5 minutes before fluffing the rice with a fork.

2. Prepare the Broccoli:

  • Preheat your oven to 425°F (220°C).
  • In a mixing bowl, toss the broccoli florets with olive oil, garlic powder, salt, and pepper.
  • Spread the seasoned broccoli out in a single layer on a baking sheet.
  • Roast the broccoli in the preheated oven for 15-20 minutes or until it's tender and slightly crispy at the edges.

3. Cook the Salmon:

  • While the broccoli is roasting, prepare the salmon. In a small bowl, mix together olive oil, lemon juice, garlic powder, salt, and pepper.
  • Place the salmon fillets on a separate baking sheet lined with parchment paper or a greased oven-safe dish.
  • Brush the salmon fillets with the olive oil mixture.
  • Once the broccoli is done, remove it from the oven and set aside. Turn the oven to broil.
  • Place the salmon under the broiler for about 5-7 minutes, or until it flakes easily with a fork and has a nicely browned top.

4. Serve:

  • To serve, divide the cooked brown rice, roasted broccoli, and salmon fillets among plates.
  • You can garnish with lemon wedges and fresh herbs if desired.

Enjoy your delicious and nutritious Salmon with Broccoli and Brown Rice!



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