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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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Macron refuses French PM’s resignation after chaotic election results

 


In a decisive move following the tumultuous legislative elections, French President Emmanuel Macron has declined the resignation of Prime Minister Gabriel Attal. The decision comes amidst a fragmented election outcome that saw no single party secure a majority, leading to a potential political deadlock.

Macron's refusal is seen as an effort to maintain governmental stability during this critical period, especially with the Paris Olympics on the horizon. The president's request for Attal to stay on reflects a strategic choice to navigate through the legislative impasse and uphold the continuity of governance. 

This development marks a significant moment in French politics, as the nation grapples with the implications of a divided parliament and the challenges it poses to future policymaking. The unfolding scenario underscores the complexities of coalition politics and the intricate balance of power within the French political system.


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