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5 Things to Know Today – June 12, 2026

F rom the Bank of Canada's fifth straight hold to Trump throwing a wrench into CUSMA talks — here's what every Canadian needs on their radar today. Thing #1 Bank of Canada Holds at 2.25% — But Two-Way Risk Is Now on the Table The Bank of Canada kept its overnight rate at 2.25% on June 10 — the fifth consecutive hold — as Governor Tiff Macklem tried to balance two competing threats: sticky energy-driven inflation from Middle East conflict and an economy that's clearly struggling to grow. What made this hold different is Macklem's explicit warning that the next move could go either way — a cut if U.S. tariffs weigh harder on growth, or a hike if oil-price inflation becomes entrenched. The prime rate at major lenders stays at 4.45%. The next decision is July 15, 2026. Bottom line: If you have a variable-rate mortgage or a line of credit, don't expect relief soon — and don't rule out a hike either. Now is a good time to stress-test your budget against both scenari...
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Defending Your Wallet: Outsmarting the Rising Tide of Scammers for Financial Safety






In an alarming and unfortunate trend, the financial landscape is witnessing a surge in the amount of money being lost to cunning scammers, surpassing previous records. As technology continues to advance, so do the tactics employed by these fraudulent actors, making it imperative for individuals to remain vigilant and well-informed. 


Safeguarding oneself against these threats requires a multi-pronged approach: 

1.Cultivating a healthy skepticism toward unsolicited communications, be it emails, phone calls, or text messages, and refraining from divulging personal or financial information. 

2. Staying updated on the latest scams and techniques used by fraudsters through reliable sources can provide crucial insights for recognizing and evading potential traps. 

3. Utilizing strong, unique passwords and enabling two-factor authentication for online accounts adds an extra layer of defense. 

4. Fostering open conversations within communities about these risks helps spread awareness and empowers everyone to collectively combat the growing threat of scams, ultimately ensuring a safer digital environment for all.



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