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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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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.


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