Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Over 300 Dead After Flash Floods in Afghanistan

 


Flash floods resulting from unusually heavy seasonal rains in Afghanistan have claimed the lives of more than 300 people and destroyed over 1,000 houses, according to the United Nations food agency. The disaster struck the northern province of Baghlan, leaving devastation in its wake.

The floods, triggered by heavy rainfall, have wreaked havoc in the region. Zabihullah Mujahid, the chief spokesman for the Taliban government, confirmed the grim toll, stating that “hundreds have succumbed to these calamitous floods, while a substantial number have sustained injuries.” The situation remains dire as rescue efforts continue and communities grapple with the aftermath.

The World Food Agency is actively distributing fortified biscuits to survivors, providing essential sustenance during this crisis. The floods have disrupted lives, displaced families, and underscored the urgent need for disaster preparedness and response measures.

Our hearts go out to the affected communities, and we hope for swift recovery and support for those impacted by this natural disaster.


Labels:

Comments

Post a Comment