Skip to main content

Featured

5 Things to Know Today: BoC Decision Looms, Oil Spikes, Bigger CCB Cheques Land

  Tuesday, July 14, 2026 Good morning. Here's what Canadians need to know today, from tomorrow's Bank of Canada rate call to a bigger Canada Child Benefit deposit landing next week. 1. Bank of Canada decides tomorrow — a hold is widely expected The Bank of Canada announces its interest rate decision Wednesday, July 15, at 9:45 a.m. ET, alongside its quarterly Monetary Policy Report. Markets and economists widely expect the Bank to hold its key rate at 2.25%, with Governor Tiff Macklem holding a press conference at 10:45 a.m. ET to explain the decision. What it means for you: If you're renewing a mortgage or carrying a variable-rate loan or HELOC, tomorrow's decision likely won't change your payment. But watch the tone of the statement closely — renewed oil-price pressure (see #3) could shape how the Bank talks about inflation risk heading into the fall. 2. U.S. inflation data drops this morning The U.S. Bureau of Labor Statistics releases its June Consumer Price In...
Post a Comment
Read more

article

Labels

Washington Will Feel Like 107°F as Heat Grips US: Weather Watch

 

The relentless heatwave continues to affect large portions of the US, with cities and towns across the East Coast, Midwest, and lower Mississippi River valley experiencing sweltering temperatures. 

Washington, D.C., is forecasted to reach 100°F (37.8°C) on Monday, but the heat index—factoring in humidity—will make it feel closer to 107°F. Similarly, Philadelphia will hit 97°F on Monday and 100°F on Tuesday, with humidity intensifying the heat. Central Park in New York City is expected to reach 95°F, feeling like 99°F due to humidity. Chicago will also be hot, with temperatures rising to 93°F but feeling like 102°F.

In addition to discomfort, this extreme heat can impact transportation, cause airline delays, and increase energy consumption. Across the US, 25 weather stations have the chance to break records, including Ronald Reagan Washington National Airport in Virginia. Meanwhile, the West faces the risk of dry lightning, which could escalate wildfire danger in Northern California, southern Oregon, Nevada, Idaho, Wyoming, and Utah.

Stay hydrated and take precautions during this scorching weather!


Labels:

Comments

Post a Comment