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5 Things to Know Today: BoC Decision Looms, TSX Sits Near Record Highs

  Saturday, July 11, 2026 Here's what Canadians need to know heading into the week, as markets brace for the Bank of Canada's rate decision and the CUSMA trade file keeps grinding along. 1. The Bank of Canada decides Wednesday, and a hold is all but locked in The Bank of Canada's next rate announcement lands July 15, and virtually every economist on Bay Street expects the overnight rate to stay parked at 2.25% — what would be a sixth straight pause. A stronger-than-expected June jobs report has taken away any urgency to cut, while cooling inflation and lingering trade uncertainty argue against a hike. Expect the accompanying statement to lean on familiar language: steady as she goes. 2. June's jobs report beat expectations, and the jobless rate ticked down Statistics Canada reported employers added roughly 18,000 jobs in June, ahead of forecasts and building on May's much larger 88,000-job gain. The unemployment rate slipped to 6.5%, back to where it stood in Januar...
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Landslide Traps Miners in Turkish Gold Mine

 

A devastating landslide struck the Copler gold mine in eastern Turkey, leaving several workers trapped underground. The incident occurred at approximately 2:30 p.m. local time near the town of Ilic in the mountainous Erzincan province.

Governor Hamza Aydogdu confirmed the grim situation, stating, “There are people buried underground, though the exact number remains unclear. Our search and rescue efforts have commenced.” The mine, operated by Anagold Mining since 2009, has emphasized the health and safety of its employees and contractors as their top priority during this crisis.

As rescue teams race against time to locate and free the trapped miners, the entire nation holds its breath, hoping for a swift and successful operation. Our thoughts are with the affected families and the brave rescuers working tirelessly to bring the miners back to safety.


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