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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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Israeli Tanks Push Deeper into Gaza’s Rafah Amid Displacement Crisis

 

Israeli tanks have intensified their offensive in the southern border city of Rafah, pushing deeper into eastern neighborhoods. This escalation comes as more than a million civilians, who had sought refuge in Rafah after being displaced during seven months of war, face renewed danger. Here’s are the details: 

  • Humanitarian Crisis: Israel’s international allies and aid groups have repeatedly warned against a ground incursion into Rafah, fearing a potential humanitarian catastrophe. The city has been a refuge for displaced Palestinians, but the recent offensive threatens their safety and well-being.

  • Evacuation Orders: Israel issued evacuation orders for people to move from parts of eastern Rafah, extending to further zones. Displaced civilians are relocating to designated areas, including Al-Mawasi, a strip of land along the coast. However, these zones lack proper facilities to accommodate the influx of people.

  • Hamas Resistance: Despite international pressure, Israel continues its operation in Rafah. The goal is to root out the remaining Hamas battalions holed up in the city. Clashes persist as Hamas’s armed wing retaliates, destroying an Israeli troop carrier with an Al-Yassin 105 missile.

  • Ceasefire Efforts: Qatar and Egypt are mediating ceasefire talks, but Israel’s actions in Rafah have complicated the negotiations. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani expressed concern about the impact on reaching a truce.

  • Intensified Conflict: Fighting across Gaza has intensified, with the Israeli military re-entering areas previously claimed to be dismantled. Israel aims to prevent Hamas from rebuilding its military capacities, but the toll on Palestinian lives continues to rise.

In summary, the situation in Rafah remains dire, with civilians caught in the crossfire. As the conflict persists, the international community must redouble efforts to find a peaceful resolution and alleviate the suffering of those displaced by war.

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