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Bank of Canada Rate Decision Tomorrow: What Every Canadian Needs to Know Before June 10

Current Rate 2.25% Held since Oct 2025 Expected Decision HOLD 34/34 economists Announcement 9:45 AM Wed, June 10 (ET) Prime Rate 4.45% Most major lenders On Wednesday morning, June 10, the Bank of Canada will announce its interest rate decision at 9:45 AM ET — and for Canadians with a mortgage, a variable-rate loan, or a renewal coming up, the decision is just two days away. Governor Tiff Macklem will follow with a press conference at 10:30 AM. The short answer: expect no change. But the full picture is considerably more complicated — and the Bank's tone tomorrow could signal whether rate hikes are quietly creeping back onto the table. The Consensus: A Hold, Full Stop The economist community is remarkably united heading into this decision. In a Reuters poll conducted June 2–5, all 34 economists surveyed predicted the Bank would leave its overnight rate at 2.25%. More than 80% said it would stay there for the rest of 2026. "Under normal circumstances, today's sagging econom...
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Wall Street Aims for Gains to Close 2023 in Subdued Holiday Trading

Wall Street is aiming for gains to close out 2023 in subdued holiday trading. Futures for the S&P 500 and the Dow Jones Industrial Average each edged less than 0.1% lower before the bell, but markets so far are holding on to gains for the week with little in the way of new economic data or corporate earnings. On Tuesday the S&P 500 rose 0.4% to 4,774.75, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017.

Investors should keep in mind that the stock market is volatile and can be unpredictable. It is important to do your research and invest wisely. If you are new to investing, it is recommended that you seek the advice of a financial advisor.


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