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What to Expect from the Bank of Canada on July 15 — And What It Means for Your Mortgage

  The next rate decision is just 17 days away. With inflation running hot, Canada in a technical recession, and mortgage rates on a knife's edge, here is everything you need to know before the announcement. The Short Answer: A Hold Is Almost Certain On July 15, 2026 , the Bank of Canada (BoC) will announce its sixth consecutive interest rate decision since October 2025 — and virtually every indicator points to another hold at 2.25% . The Bank has not moved its overnight rate since it cut to 2.25% last fall. After nine total cuts between June 2024 and October 2025, the easing cycle is effectively paused. Markets currently price the probability of a hike on July 15 at just 1%, and the chance of a cut at around the same slim odds. In other words: almost no one expects anything to change on announcement day. But a "hold" decision does not mean nothing matters. July 15 is one of four dates each year when the BoC releases a full Monetary Policy Report (MPR) alongside its rate ...
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Wall Street Awaits Key Nvidia Earnings and Inflation Data

 

Wall Street remained relatively quiet today as investors eagerly anticipate Nvidia’s upcoming earnings report and the latest inflation data from the government. Futures for the S&P 500 edged up slightly by less than 0.1%, while the Dow Jones Industrial Average remained nearly unchanged after setting an all-time high the previous day.

The focus is on Nvidia, a key player in the artificial intelligence sector, which is expected to report significant earnings growth. Analysts predict Nvidia will announce earnings of 64 cents per share, a remarkable 156% increase from the same period last year, with revenue projected at $28.6 billion, up 110% year-over-year.

In addition to Nvidia’s results, investors are closely watching the latest inflation data, which could influence the Federal Reserve’s future monetary policy decisions. The combination of corporate earnings and economic indicators is likely to set the tone for the markets in the coming days.

Stay tuned for updates as these critical reports are released.


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