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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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Canada Temporarily Reduces Embassy Staff in Haiti Amid Security Concerns

 

In response to the escalating security situation in Haiti, Canada has made the decision to temporarily reduce the number of Canadian embassy staff in Port-au-Prince. The move comes as gang violence continues to plague the capital city.

Key Points:

  1. Volatility and Safety Concerns:

    • The volatility of the security situation in Haiti has prompted Global Affairs Canada to take action.
    • The lack of reliable supplies and the need to maintain an effective presence in a challenging environment have led to this staffing adjustment.

  2. Essential Personnel Only:

    • Canada will maintain a skeleton crew of essential personnel at its embassy in Haiti.
    • These relocated staff members will continue to fulfill their duties from a third country, primarily the Dominican Republic.

  3. U.S. Parallel Move:

    • The U.S. also recently reduced its diplomatic presence in Haiti due to heightened gang violence.
    • U.S. Marines escorted a portion of their diplomatic corps out of the country, while some remained to provide additional protection.

  4. Challenges for Evacuation:

    • Approximately 3,000 Canadian citizens are currently in Haiti, mainly in and around Port-au-Prince.
    • Evacuating them poses challenges due to the closure of the main airport, which has been targeted by gangs.

  5. Support and Caution:

    • Despite the staffing reduction, Canada’s embassy will continue to support Canadians in Haiti.
    • The public is advised to shelter in place and respect the curfew.

Canada remains committed to assisting its citizens and maintaining diplomatic engagement, even in the face of security risks.



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