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Bank of Canada Holds at 2.25% — What the Fine Print Means for You

  July 15, 2026  |  Canadian Money Brief The Bank of Canada held its policy rate at 2.25% today, exactly as every economist surveyed expected. The number didn't move — but the story underneath it did. Between renewed oil-market chaos, a stubbornly hot inflation reading, and an economy that's finally showing signs of life, this "boring" hold decision was anything but simple. If you've been following our preview piece from earlier this week , this is the follow-up: what actually happened, and what it means for your mortgage, your savings, and your grocery bill. The Decision, in Plain English This marks the sixth consecutive hold since the Bank's last cut back in October 2025. The overnight rate stays at 2.25%, the Bank Rate at 2.5%, and the deposit rate at 2.20%. Bank prime — the number that actually determines your variable mortgage or line of credit rate — stays put at 4.45%. Governor Tiff Macklem has described this level as sitting near the bottom of the Bank...
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New Virus Alert: Human Metapneumovirus (HMPV) Spreading from China to the UK

 A new respiratory virus, Human Metapneumovirus (HMPV), has emerged in China, drawing global attention due to its similarities to COVID-19. The virus, which causes symptoms such as cough, fever, and shortness of breath, has now spread to the United Kingdom, raising concerns among health officials.

HMPV is not a newly discovered virus; it was first identified in 2001. However, its recent surge in cases, particularly among children and the elderly, has led to overcrowded hospitals in China. The virus spreads through respiratory secretions and close contact, much like COVID-19.

In the UK, health authorities are closely monitoring the situation and urging the public to take preventive measures, such as frequent handwashing and avoiding close contact with infected individuals. While there is currently no vaccine for HMPV, researchers are working on developing one.

Experts emphasize that although HMPV can cause severe respiratory infections, it is not as deadly as COVID-19, and most people recover with proper care. The World Health Organization (WHO) has not declared a health emergency, but vigilance remains crucial.

As the world continues to grapple with the aftermath of the COVID-19 pandemic, the emergence of HMPV serves as a reminder of the importance of global health preparedness and cooperation.




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