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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...

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Mental Illness: A Comprehensive Overview”


Mental illness is a broad term that refers to a wide range of mental health conditions that affect an individual’s mood, thinking, and behavior. These conditions can be caused by various factors such as genetics, environmental factors, and life experiences. Mental illnesses can range from mild to severe and can affect people of all ages, genders, and backgrounds.

One of the most common types of mental illnesses is depression. Depression is a mood disorder that can cause feelings of sadness, hopelessness, and loss of interest in activities that were once enjoyable. It can also cause physical symptoms such as fatigue, sleep disturbances, and changes in appetite. Depression can be treated with medication, therapy, or a combination of both.

Another common type of mental illness is anxiety. Anxiety disorders are characterized by excessive worry, fear, and nervousness. They can cause physical symptoms such as sweating, trembling, and rapid heartbeat. Anxiety can be treated with medication, therapy, or a combination of both.

Other types of mental illnesses include bipolar disorder, schizophrenia, and personality disorders. Each of these conditions has its own set of symptoms and treatment options.

In conclusion, mental illness is a complex and multifaceted issue that affects millions of people worldwide. It is important to seek help if you or someone you know is struggling with a mental health condition. With proper treatment and support, people with mental illnesses can lead fulfilling and productive lives.


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