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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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Wildfire Reaches Athens’ Outskirts, Prompting Evacuations

 

A fast-moving wildfire, driven by gale-force winds, has spread to the edge of Athens, Greece, torching trees, houses, and cars. The blaze has forced the evacuation of several hospitals and numerous towns and villages.

Key Points:

  • Firefighting Efforts: Over 670 firefighters, supported by volunteers, 183 fire engines, and 32 waterbombing planes and helicopters, are battling the fire.
  • Evacuations: At least 250 people have been evacuated, with some spending the night in shelters.
  • Weather Conditions: Strong winds and high temperatures are exacerbating the situation, with flames reaching heights of 25 meters (82 feet).
  • Government Response: Prime Minister Kyriakos Mitsotakis has returned from a holiday to oversee the response, recalling the devastating 2018 fire in Mati.

The situation remains critical as authorities continue to combat the blaze and protect residents.

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