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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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Reflecting on Progress: National Day for Truth and Reconciliation 2024

 


As Canada marks the fourth National Day for Truth and Reconciliation, Indigenous advocates and experts are urging Canadians to reflect on the journey towards reconciliation. Despite the progress made since the day was first recognized as a statutory holiday in 2021, many believe that the nation has not advanced as far as hoped.

On September 30, Canadians from coast to coast gather to honor the survivors of residential schools and remember those who never made it home. Events include pow-wows, ceremonies, and special services, with federal buildings like the Peace Tower illuminated in orange to symbolize the commitment to reconciliation.

However, Indigenous leaders emphasize that true reconciliation requires more than symbolic gestures. They call for concrete actions to address ongoing issues such as systemic racism, inadequate healthcare, and insufficient support for Indigenous communities. The Governor General of Canada, Mary Simon, highlighted the importance of collective responsibility in her message, urging Canadians to educate themselves and actively participate in the reconciliation process.

While the day serves as a reminder of the resilience of survivors and the importance of their stories, it also underscores the significant work that remains. Advocates stress that reconciliation is a continuous journey, requiring sustained effort and genuine commitment from all Canadians.

By reflecting on the past and acknowledging the present challenges, Canadians can contribute to a future where reconciliation is not just an aspiration but a reality.


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