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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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Escalation in the Middle East: Hezbollah and Israel Exchange Fire

In a significant escalation of violence, Hezbollah launched dozens of rockets into northern Israel, resulting in multiple casualties and widespread damage. The Israeli military reported that the rockets, along with several drones, targeted various locations, including a drone aimed at Prime Minister Benjamin Netanyahu’s holiday home. This attack led to the death of one person and injuries to several others.

In response, Israel intensified its airstrikes on Gaza, targeting key infrastructure and militant positions. The strikes have resulted in numerous casualties, including civilians, and have further strained the already tense situation in the region. The conflict has seen a significant increase in hostilities, with both sides suffering losses and the civilian population bearing the brunt of the violence.

The international community has called for restraint and a ceasefire to prevent further escalation and to protect civilian lives. However, with both sides entrenched in their positions, a peaceful resolution seems elusive at this time.


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