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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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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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