Skip to main content

Featured

5 Things to Know Today: BoC Holds, the Loonie Slides, and Gas Prices Climb

  Thursday, July 16, 2026 Here's what's moving markets and your wallet today — from the Bank of Canada's latest rate call to a fresh jump at the pumps. 1. The Bank of Canada held its key rate at 2.25% The Bank of Canada kept its overnight rate unchanged at 2.25% this week, and its accompanying Monetary Policy Report flagged that inflation is still running hot enough to keep policymakers cautious. The Bank now expects overall growth of just 0.7% for 2026, picking up to 1.8% in 2027 and 2028 as exports recover and businesses adjust to the new trade landscape with the U.S. Inflation is projected to ease toward 2.5% in the second half of the year and return to the Bank's 2% target by early 2027 — assuming oil prices keep cooling as expected. What it means for you: Variable-rate mortgage holders and HELOC borrowers get another few months of payment stability, but don't expect a cut soon — the Bank wants to see inflation actually fall before it moves again. If you're...
Post a Comment
Read more

article

Labels

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.


Labels:

Comments

Post a Comment