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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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Hezbollah Leader’s Death Sends Shockwaves Across the Middle East

 

The death of Hezbollah leader Hassan Nasrallah has sent shockwaves throughout Lebanon and the wider Middle East. The militant group confirmed on Saturday that Nasrallah was killed in an Israeli airstrike in a southern suburb of Beirut.

Nasrallah’s death has elicited a range of emotions across the region. In Lebanon, many supporters of Hezbollah are mourning the loss of their leader, with tears and public displays of grief. Conversely, in other parts of the Middle East, his death has been met with a mix of relief and celebration, reflecting the divisive nature of his leadership.

International reactions have also been polarized. U.S. President Joe Biden described the killing as “a measure of justice for his many victims,” while Iran’s Supreme Leader condemned the airstrike, calling it an "Israeli massacre".

Nasrallah had been a prominent figure in Middle Eastern politics for decades, known for his staunch opposition to Israel and his influence over Hezbollah’s military and political strategies. His death marks a significant turning point in the region’s geopolitical landscape, with potential implications for future conflicts and alliances.


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