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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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Escalation in the Middle East: Israel Intensifies Strikes in Gaza and Lebanon Following Hamas Leader’s Death

 

In the wake of Hamas leader Yahya Sinwar’s death, Israel has significantly ramped up its military operations in both Gaza and Lebanon. Sinwar, who was believed to be the mastermind behind the October 7, 2023, attack on Israel, was killed during a routine ground patrol in Rafah.

The Israeli Defense Forces (IDF) have launched a series of airstrikes targeting Hamas positions in Gaza and Hezbollah strongholds in Lebanon. These strikes have resulted in substantial casualties and widespread destruction. In Gaza, an airstrike on Beit Lahiya killed at least 87 people, marking one of the highest death tolls from a single attack in recent months. Meanwhile, in Lebanon, Israeli airstrikes have targeted Hezbollah’s intelligence headquarters in Beirut, despite warnings from the United States to scale back the attacks.

The escalation has led to increased tensions in the region, with both sides suffering significant losses. Israeli Prime Minister Benjamin Netanyahu has vowed to continue the offensive until all hostages are returned and Hamas is fully dismantle1. The international community, including the United States, has expressed concern over the rising violence and the potential for a broader conflict.

As the situation continues to develop, the prospects for a ceasefire remain uncertain, with both Israel and Hamas showing no signs of backing down. The ongoing conflict underscores the deep-seated tensions and the complex geopolitical dynamics in the Middle East.


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