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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...
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US Futures Rise as Dow Eyes Fresh Record Amid Bets on Trump

 

US stock futures climbed on Monday as investors weighed the market impact of a shooting attack on presidential candidate Donald Trump. The incident overshadowed the return of earnings season, but optimism remained high.

  • Dow Jones Industrial Average (YM=F) rose 0.5%: The blue-chip gauge ended last week just a few points away from an all-time high.
  • S&P 500 (ES=F) added 0.4%: Stocks poised to build on Friday’s gains as JPMorgan Chase and Wells Fargo ushered in earnings season.
  • Nasdaq 100 (NQ=F) gained 0.5%: Tech-heavy stocks also contributed to the rally.

Investors focused on the potential fallout from the assassination attempt on Trump at a rally on Saturday. Bets ramped up on a win in November’s presidential election for the Republican front-runner, seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.

Other notable points:

  • 10-year Treasury yield (^TNX) rose over 2 basis points to trade around 4.21%.
  • 30-year yield (^TYX) also gained, steepening the yield curve.
  • Dollar (DX=F) edged up, and bitcoin (BTC-USD) surged to a two-week high above $62,830 amid speculation around former President Trump.
  • Trump Media & Technology (DJT) stock soared over 50% in pre-market trading.

In corporate news:

  • Alphabet (GOOG, GOOGL) is reportedly in talks for a $23 billion deal to buy cybersecurity start-up Wiz.

Later today, investors will closely listen to Jerome Powell’s comments for hints on the Federal Reserve chair’s view of the latest data.


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