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5 Things to Know Today — June 11, 2026

  The Bank of Canada confirmed its fifth straight rate hold yesterday, oil slipped back toward $89 a barrel after fresh U.S. strikes on Iran, and Canada Post workers officially have a new contract. Here is what every Canadian needs to know heading into Wednesday. 1 of 5 — Interest Rates Bank of Canada holds at 2.25% — for the fifth time in a row The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on June 10, marking five consecutive holds since late 2025. Governor Tiff Macklem said the central bank is trying to balance two opposing forces: inflation pushed higher by elevated energy costs from the Middle East war, and an economy that has barely grown in recent quarters. "Economic weakness combined with rising inflation is a dilemma for monetary policy," Macklem told reporters, adding that holding the rate "balances those risks" for now. What it means for you: Variable-rate mortgage holders and borrowers with lines of credit get another month of pa...
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Beijing’s Meddling: Canada’s Democracy Faces Unprecedented Threats

 

Canada’s former ambassador to China, Guy Saint-Jacques, has issued a stark warning: Beijing’s interference in Canada’s democracy is more severe than ever. A recent report from the National Security and Intelligence Committee of Parliamentarians (NSICOP) alleges that sitting federal politicians are “witting” participants in foreign interference schemes. Despite these bombshell allegations, the government has yet to reveal their identities, citing intelligence concerns. Saint-Jacques emphasizes the need for a tougher approach, suggesting that evidence-based punishment should be applied where possible. Additionally, the proposed Bill C-70 aims to address foreign interference, but its implementation timeline remains uncertain. As Canada grapples with these challenges, safeguarding democratic processes becomes paramount.


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