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Bank of Canada Holds at 2.25% — Again: What It Means for Your Mortgage and Markets Today

  Wednesday, June 10, 2026  |  Canadian Money Brief It's official: the Bank of Canada held its overnight rate steady at 2.25% this morning — the fourth consecutive hold in 2026 , following identical decisions in January, March, and April. The move was widely anticipated, but the language in today's statement and Governor Tiff Macklem's 10:30 a.m. press conference are delivering the real signal: the BoC is watching the Middle East conflict carefully, is not yet alarmed by inflation, but is making clear that rate hikes remain on the table if energy prices push inflation higher. Here's the full picture — BoC reaction, Canadian markets, Wall Street, oil, and global moves. 🏦 Bank of Canada: Holds at 2.25% — But With a Warning The Bank of Canada's statement this morning was brief but pointed. The Governing Council noted that "economic activity in Canada has been weak and uncertainty about US trade policy persists," while also flagging that "the conflict ...
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Lynx Air Ceases Operations and Seeks Creditor Protection

Calgary-based Lynx Air, a low-cost airline that took flight less than two years ago, is facing turbulent skies. The company recently announced its decision to cease operations on Monday. This move comes as Lynx Air grapples with a series of challenges, including rising operating costs, high fuel prices, exchange rate fluctuations, and mounting airport charges. Despite substantial growth in the business and ongoing efforts to improve operations, the company’s financial headwinds have become insurmountable.

In a bid to weather the storm, Lynx Air has sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta. This legal maneuver aims to shield the airline from further financial strain and provide a breathing space for restructuring.

The airline’s final flights are scheduled for Sunday, with operations set to cease at 12:01 a.m. MT on Monday. Passengers currently in transit are urged to explore alternative arrangements to reach their destinations. Lynx Air advises passengers with existing bookings to contact their credit card companies for refunds related to pre-booked travel.

As the sun sets on Lynx Air’s brief journey, travelers find themselves scrambling for alternatives. One passenger expressed her frustration after receiving an email notifying her that her Saturday flight had been canceled. She and her group of friends, originally slated to fly home to Winnipeg, now face uncertainty. The airline’s sudden closure has left them “frantic.”

Legal advisors from Osler, Hoskin & Harcourt LLP are assisting Lynx Air during this challenging time, while FTI Consulting Canada Inc. serves as the monitor under the Companies’ Creditors Arrangement Act.



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