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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...
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Stock Market Rebounds After 3-Day Slump: Nasdaq and S&P 500 Rally

 


In a dramatic turnaround, US stocks surged today, recovering from a three-day market rout that had wiped out substantial gains for 2024. Here are the key highlights:

  1. Nasdaq Leads the Charge: The tech-heavy Nasdaq Composite (^) soared by 2.2%, marking an impressive rebound. This surge was a welcome relief after the recent sell-off.

  2. S&P 500 Bounces Back: The benchmark S&P 500 (^) followed suit, gaining around 2%. This rally helped mitigate the losses from the past three sessions and pushed year-to-date gains to approximately 11%.

  3. Dow Jones Industrial Average Jumps: The Dow Jones Industrial Average (^) also participated in the recovery, rising by 1.4% (approximately 600 points).

  4. Market Concerns and the Fed: The recent volatility was triggered by fresh worries about the US economy and its labor market. Investors are closely watching the Federal Reserve, with expectations of a rate cut at the next meeting.

  5. Individual Stocks Rebound: Notable companies like Nvidia, Tesla, Microsoft, and Meta (formerly Facebook) saw gains today, contributing to the overall market recovery (^).

  6. Cryptocurrencies Rise: Despite the recent crypto sell-off, Bitcoin (BTC-USD) climbed back above $55,000, up 7% (^).

  7. Global Markets Stabilize: Japan’s Nikkei index also closed up over 10%, signaling a steadying of global markets (^).

As investors keep a close eye on the Fed’s actions, the coming days will provide crucial signals for the market’s next moves.

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