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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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A New Era or More of the Same? Putin’s Unprecedented Fifth Term

 


In a widely anticipated outcome, Russian President Vladimir Putin has clinched a fifth term in office following an election process that has drawn international criticism for its lack of genuine competition and freedom. The election, which official results claim Putin won with 87% of the vote, has been described by the White House as ‘preordained’ and hardly reflective of a ‘free or fair’ democratic process.

The victory grants Putin another six years at the helm, extending his rule which has been marked by an increasingly authoritarian grip on power. Critics, including Canada’s Foreign Affairs Minister Mélanie Joly, have voiced concerns over the election’s legitimacy, suggesting that history will not look kindly upon Putin’s tenure.

Despite the controversy, Putin’s win was celebrated by his supporters as a testament to the trust and hope placed in his leadership. However, opposition voices and international observers have condemned the election, pointing to the suppression of dissent, the stifling of independent media, and the absence of credible monitoring as evidence of the election’s orchestrated nature.

As Putin embarks on this new term, the world watches with a mix of anticipation and apprehension, pondering what this extended period of Putin’s leadership will mean for Russia and its relations with the global community.

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