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Bank of Canada Holds at 2.25% — Again: What It Means for Your Mortgage and Markets Today

  Wednesday, June 10, 2026  |  Canadian Money Brief It's official: the Bank of Canada held its overnight rate steady at 2.25% this morning — the fourth consecutive hold in 2026 , following identical decisions in January, March, and April. The move was widely anticipated, but the language in today's statement and Governor Tiff Macklem's 10:30 a.m. press conference are delivering the real signal: the BoC is watching the Middle East conflict carefully, is not yet alarmed by inflation, but is making clear that rate hikes remain on the table if energy prices push inflation higher. Here's the full picture — BoC reaction, Canadian markets, Wall Street, oil, and global moves. 🏦 Bank of Canada: Holds at 2.25% — But With a Warning The Bank of Canada's statement this morning was brief but pointed. The Governing Council noted that "economic activity in Canada has been weak and uncertainty about US trade policy persists," while also flagging that "the conflict ...
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Stock Market Today: S&P 500 and Nasdaq Extend Winning Streak Ahead of Jackson Hole Symposium

US stocks continued their upward momentum today, with the S&P 500 and Nasdaq Composite both on track for their eighth consecutive daily gain. Investors are eagerly awaiting Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium later this week.

Key Points:

  1. S&P 500 ( ^GSPC): The broad-market index rose 0.5%, extending its longest winning streak of the year.
  2. Nasdaq Composite ( ^IXIC): The tech-heavy index increased more than 0.5%, also aiming for an eighth consecutive session win.
  3. Dow Jones Industrial Average ( ^DJI): The Dow gained over 200 points, mirroring the positive sentiment.

Last week’s strong rally helped recover losses from an early August sell-off, as encouraging inflation and consumer spending data eased recession concerns. Confidence in a “soft landing” for the economy has grown, leading investors to focus on the magnitude of potential rate cuts by the Fed in September.

Keep an eye on Powell’s speech and the upcoming Democratic National Convention for further market insights.


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