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5 Things to Know Today: BoC Holds at 2.25%, Oil Spikes, CCB Boost

  Wednesday, July 15, 2026 Good morning. The Bank of Canada made its call this morning, oil is on the move again because of the Middle East, and a bigger government deposit is about to hit millions of accounts. Here's what actually matters for your wallet today. 1. The Bank of Canada held its key rate at 2.25% As widely expected, the Bank of Canada left its overnight rate unchanged at 2.25% this morning, alongside a fresh Monetary Policy Report. It's the sixth straight hold since the easing cycle paused last fall. The Bank says it's looking through the near-term inflation bump caused by higher oil prices from the conflict in the Middle East, but has made clear it won't let that become a persistent trend. What it means for you: Prime rate stays at 4.45%. If you're on a variable-rate mortgage or HELOC, your payment doesn't change this month. Fixed-rate shoppers should watch bond yields, not the BoC rate, for the next move in posted rates. 2. Oil prices are spik...
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Ship Loaded with Aid Returns to Cyprus Port After Tragic Loss of Charity Workers in Gaza Strip

 

In a poignant turn of events, a ship belonging to the Open Arms aid group has made its way back to the Cypriot port of Larnaca. Laden with canned food destined for Gaza, this vessel’s journey bears the weight of recent tragedy.

Cyprus, which has played a pivotal role in establishing the maritime corridor, witnessed the arrival of three aid ships on Monday. These vessels carried a precious cargo of 240 tons of undelivered aid. Their mission was to alleviate the suffering in the Gaza Strip, where hunger and hardship have reached critical levels.

The urgency of this mission was underscored by the devastating loss of seven aid workers in Israeli strikes within the Gaza Strip. These dedicated individuals, part of the World Central Kitchen (WCK), were on the front lines, striving to bring relief to those in need. Their tragic deaths serve as a stark reminder of the immense challenges faced by humanitarian workers in conflict zones.

As the ship docks in Cyprus, it carries not only supplies but also a message of resilience and compassion. Despite the risks, aid organizations continue to navigate treacherous waters to support vulnerable communities. The return of this vessel symbolizes unwavering commitment and solidarity.

While grief hangs heavy, hope persists. The aid ships, now retracing their path, represent a collective determination to make a difference. As the world watches, we honor the fallen aid workers and renew our resolve to stand by those caught in the crossfire.


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