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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...
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Rethinking Retirement: Are You Financially Prepared to Retire at 62?

 


Retirement is a significant milestone that many look forward to, but are you financially prepared to take this step at 62? Here are four financial signs that may indicate you need to reassess your retirement plans:

  • Debt Burden: Carrying high-interest debt, especially from credit cards, can hinder your retirement plans. It’s crucial to pay off such debts to avoid them chipping away at your retirement income.

  • Insufficient Savings: If your projected monthly retirement income falls short of your expenses and desired lifestyle, it’s a sign to either save more or delay retirement.

  • Rising Retirement Age: The trend shows an increase in the average retirement age, from 57 in 1991 to 61 in 2022. This suggests that retiring at 62 may not be as common as it once was.

  • Lack of Planning: Not having a clear retirement plan with calculated projections can lead to surprises down the line. Utilize online calculators to estimate your retirement income and adjust your savings strategy accordingly.

In conclusion, if these signs resonate with you, consider revising your retirement strategy to ensure a comfortable and secure future.

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