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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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Gaza Ceasefire Talks Resume Amidst Grim Milestone: Over 40,000 Palestinians Killed

 

In a desperate bid to end the devastating conflict, negotiators from Israel and Hamas have resumed ceasefire talks in the Qatari capital, Doha. The war, which has raged for over ten months, has now claimed the lives of more than 40,000 Palestinians, according to Gaza health officials.

Despite the grim toll, yesterday’s negotiations were described as “constructive” by a US official. However, significant obstacles remain. Hamas insists on implementing a framework agreement that includes a complete ceasefire, withdrawal of Israeli forces, the return of displaced Palestinians, and a hostage exchange deal.

The situation is dire. Gaza’s Health Ministry reports that many more Palestinians are buried under rubble and threatened by illness. As the talks continue, the world watches, hoping for a breakthrough that can bring an end to this devastating conflict. 

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