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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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Your daily horoscope: January 18, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

A Mercury-Saturn link on your birthday will encourage you to think deeply and seriously over the coming 12 months. By all means enjoy yourself but don’t ignore that little voice in the back of your head when it sends messages that are clearly profound.

ARIES (March 21 - April 20):

While you may not approve of what a friend or loved one is up to you know there isn’t much you can do about it. You can either turn a blind eye to their efforts or criticize anyway knowing they will almost certainly ignore every word you say.

TAURUS (April 21 - May 21):

You can and you must take the initiative and make things happen over the next 24 hours. Cosmic activity in the most adventurous area of your chart may not be as potent as it was but there is still plenty of scope to start making good things happen.

GEMINI (May 22 - June 21):

Someone you have dealings with seems a little bit slow in the mental department and, to be frank, you would be better off without their ideas. Make an excuse to go off and do things by yourself today and don’t be in a hurry to come back again.

CANCER (June 22 - July 23):

Let someone know that you will no longer allow them to push you around. If you can find the courage to speak up today it won’t be long before they realize you are not the easy touch they took you for and will go off and harass someone else.

LEO (July 24 - Aug. 23):

It’s fine to have controversial views – you are free to think and speak as you please – but you need to bear in mind that if those views are too outrageous you could make enemies of people who can make life tough for you. Tone down your act a bit.

VIRGO (Aug. 24 - Sept. 23):

What occurs over the next few days, and certainly when the sun changes signs at the weekend, could bring you down to earth with a bump. But in a way that’s good because you have been flying a little too high. Better to fall now than later on.

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