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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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Ontario Unveils Ambitious Economic Update

 

Ontario’s Finance Minister, Peter Bethlenfalvy, is set to present the province’s fall economic statement today, which Premier Doug Ford describes as an ambitious plan aimed at building highways, hospitals, and homes. The update, often referred to as a mini-budget, will include several key measures designed to address affordability and infrastructure needs.

One of the headline announcements is a $200 rebate cheque for nearly every adult in the province, with an additional $200 for each child. This move, which has been met with both praise and criticism, is part of a broader strategy to provide immediate financial relief to Ontarians. Critics, however, have labeled it a “gimmick” and a “bribe” ahead of a potential early election in 2025.

The economic update will also extend the 5.7-cent gas tax cut through to June 2025, a measure that has been renewed bi-annually since July 2022. Additionally, the government plans to invest $225 million to break the Beer Store’s alcohol sales rights, allowing more corner stores and grocery outlets to sell alcohol.

Premier Ford emphasized that the economic update maintains the government’s path to balance, with the spring budget projecting deficits until 2026-27. The update is expected to provide clarity on the province’s debt, the cost of various government programs, and the overall economic outlook.

As the province navigates through these economic changes, the government’s focus remains on enhancing infrastructure and providing financial support to its residents.


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