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Bank of Canada Rate Decision Tomorrow: What Every Canadian Needs to Know Before June 10

Current Rate 2.25% Held since Oct 2025 Expected Decision HOLD 34/34 economists Announcement 9:45 AM Wed, June 10 (ET) Prime Rate 4.45% Most major lenders On Wednesday morning, June 10, the Bank of Canada will announce its interest rate decision at 9:45 AM ET — and for Canadians with a mortgage, a variable-rate loan, or a renewal coming up, the decision is just two days away. Governor Tiff Macklem will follow with a press conference at 10:30 AM. The short answer: expect no change. But the full picture is considerably more complicated — and the Bank's tone tomorrow could signal whether rate hikes are quietly creeping back onto the table. The Consensus: A Hold, Full Stop The economist community is remarkably united heading into this decision. In a Reuters poll conducted June 2–5, all 34 economists surveyed predicted the Bank would leave its overnight rate at 2.25%. More than 80% said it would stay there for the rest of 2026. "Under normal circumstances, today's sagging econom...
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Farmers Rally in London Against Inheritance Tax Changes

 

Thousands of farmers from across the UK gathered in London today to protest against the government’s recent changes to inheritance tax rules. The demonstration, one of the largest in recent memory, saw farmers marching through Westminster, voicing their concerns over the potential impact on their livelihoods and the future of British farming.

The new tax reforms, announced in the latest budget, will impose a 20% inheritance tax on farms valued over £1 million starting from April 2026. Farmers argue that this change will force many to sell parts of their land to cover the tax bill, threatening the continuity of family-run farms and impacting food security.

Max Sealy, a representative of the National Farmers’ Union (NFU), expressed the widespread frustration: "This is a bad tax - it’s been badly implemented because it will affect growth productivity in the country". The protest drew support from various public figures, including TV presenter and farm owner Jeremy Clarkson, who urged the government to reconsider the policy.

Despite the government’s assurances that only the wealthiest estates will be affected, farmers remain unconvinced. They cite data suggesting that a significant portion of farms will fall under the new tax threshold, contrary to the government’s estimates.

As the protest continues, the NFU plans to lobby MPs, hoping to reverse the changes and secure a more favorable outcome for the farming community.


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