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Bank of Canada Rate Decision: What to Expect on June 10

  On Wednesday, June 10, 2026 , the Bank of Canada will announce its next interest rate decision — and every Canadian with a mortgage, a savings account, or a variable-rate line of credit has good reason to pay attention. While a hold at the current 2.25% overnight rate is almost universally expected, the real story this month isn't the number itself. It's the language surrounding it. Canada's economy has slipped into what many are calling a technical recession, inflation is being pushed higher by a global energy shock, and economists are divided on where rates go from here. Here's everything you need to know before Wednesday's announcement. BoC Overnight Rate 2.25% Held since early 2026 Bank Prime Rate 4.45% Most major lenders April CPI Inflation 2.8% Up from 2.4% in March Hike Probability (Jun 10) ~4% Per bond markets Q1 2026 GDP Growth −0.1% Annualized; near-recession Where Things Stand: A Tricky Balancing Act The Bank of Canada has held its overnight rate at 2....
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Tragic Airstrike in Northern Gaza Claims Over 60 Lives

 


In a devastating incident, an Israeli airstrike on a five-story building in the northern Gaza Strip has resulted in the deaths of at least 60 people, according to Gaza’s Health Ministry. The building, located in Beit Lahiya, was sheltering displaced Palestinians, many of whom were women and children.

The strike occurred early Tuesday morning, causing significant casualties and leaving many others injured or trapped under the rubble. Emergency services are working tirelessly to rescue those still buried beneath the debris.

This incident is part of a larger ongoing conflict in the region, with Israel conducting extensive military operations in northern Gaza. The Israeli Defense Forces (IDF) stated that they are aware of civilian casualties and are investigating the incident. The IDF emphasized that their operations target Hamas militants and that efforts are made to avoid civilian harm.

The humanitarian impact of this strike has been profound, with local hospitals overwhelmed by the influx of wounded individuals. The international community continues to call for a ceasefire and increased humanitarian aid to the affected areas.


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