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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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Wall Street’s Bears Warn of Risks to Stocks Amid Slowing Economy


Wall Street’s stock sell-off is intensifying as concerns grow over the health of the US economy Dow Jones Industrial Average futures dropped 800 points, while Nasdaq 100 futures fell nearly 5%, and S&P 500 futures declined almost 3%. The CBOE Volatility Index soared to its highest level since the early days of the COVID-19 pandemic.

The global stock market is experiencing a rapid sell-off following a lackluster US jobs report, raising concerns about the economy and the Federal Reserve’s timing on interest rate cuts. Major companies like Apple, Nvidia, and Tesla saw significant declines, and Bitcoin dropped over 15%.

The sell-off has spread globally, with Japan’s Nikkei 225 experiencing its biggest-ever daily loss. Oil prices also fell, with WTI crude futures nearing $72 a barrel. This week, US unemployment claims will be closely watched for further economic insights.



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