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5 Things to Know Today – June 8, 2026

  The Bank of Canada's big moment arrives in 48 hours. Here's everything moving your money this Monday morning — from an OPEC+ output hike to a loonie struggling to keep pace with oil. Bank of Canada 1 The Rate Decision Is Two Days Away — And Economists Expect a Hold The Bank of Canada announces its overnight rate decision this Wednesday, June 10, at 9:45 a.m. ET, with a press conference from Governor Tiff Macklem to follow at 10:30 a.m. The rate currently sits at 2.25%, and the overwhelming consensus is that it stays there. Economists at TD, CIBC, National Bank and Desjardins all point to the same impossible bind: a technical recession and softening labour market would normally call for a cut, but oil-driven inflation — sitting above the Bank's 2% target — makes easing difficult to justify. Adding to the uncertainty, U.S. CPI data for May drops the same morning, which could shift bond markets mid-session. Wednesday is a big day for your mortgage rate outlook. Watch this sp...
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Wall Street gains as Treasury market stabilizes, US government averts shutdown

 

On Friday, Wall Street saw gains as the Treasury market stabilized and the US government averted a shutdown. The S&P 500 index rose by 0.88% to 4,780.94 points, while the Dow Jones Industrial Average gained 0.54% to 37,468.61 points. The Nasdaq 100 index also rose by 1.47% to 16,982.29 points.

The US government avoided a partial shutdown, which helped stabilize the Treasury market. The yield on the 10-year Treasury steadied at 4.14%.

This is good news for investors, as the stock market continues to recoup the week’s earlier losses. The gains are expected to continue as companies continue to turn in better profits for the summer than expected.


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