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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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Notre-Dame Cathedral Reborn: A Testament to Resilience and Restoration

 

After five years of meticulous reconstruction, the iconic Notre-Dame Cathedral is set to reopen its doors to the public on December 8, 2024. The reopening ceremony will take place on December 7, marking a significant milestone in the cathedral's history.

The fire on April 15, 2019, caused extensive damage to the historic cathedral, collapsing its iconic spire and causing significant harm to its roof, stained-glass windows, and interior artworks. Despite initial doubts and estimates that the restoration could take up to 40 years, French President Emmanuel Macron's ambitious goal to complete the reconstruction within five years has been achieved.

The restoration project, costing around $737 million, was funded by donations from 340,000 individuals across 150 countries. The project involved the efforts of 2,000 artisans and 250 companies, who worked tirelessly to restore the cathedral to its former glory. The new roof and spire have been built using 1,500 trees, including the tallest tree measuring 88 feet tall. Additionally, the cathedral's 8,000 organ pipes were cleaned and retuned, and new fire prevention systems were installed to protect the historic landmark.

Visitors will be greeted with a brighter, more vibrant interior, thanks to the restoration of intricate murals, gilded stars on ceilings, and marble statues. The cathedral's bells, which had been silent for over five years, rang out once again during a recent test, signaling the return of this beloved Parisian landmark.

The reopening of Notre-Dame Cathedral is not just a celebration of its restoration but also a testament to the resilience and dedication of those who worked to preserve this piece of history. As the cathedral reopens, it invites visitors to once again experience its beauty and significance, ensuring that its legacy continues for generations to come.



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