From the Bank of Canada's steady hand to a surge in housing starts and Ottawa's new financial crime-fighting agency — here are the five money stories every Canadian should have on their radar this morning. 1 Bank of Canada Rate Holds at 2.25% — Next Decision June 10 The Bank of Canada kept its overnight rate at 2.25% on April 29 and has signalled it intends to stay put for now. Governing Council is keeping a close eye on Middle East conflict spillover into energy prices, ongoing U.S. tariff uncertainty, and whether inflation — currently hovering just above the 2% target — becomes entrenched. Bond markets are currently pricing in roughly an 18% chance of a 25-basis-point cut by the July 15 announcement, making a move at the June 10 meeting unlikely. 💡 What it means for you: Variable-rate mortgage and HELOC holders can exhale — no surprise hikes on the horizon. But don't expect big rate relief either; the "lower-for-longer" window appears to be closing. 2 Mortgage...
Jake Paul Defeats Mike Tyson in Lackluster Bout
In a highly anticipated yet ultimately disappointing boxing match, Jake Paul emerged victorious over the legendary Mike Tyson. The fight, held at AT&T Stadium in Texas, saw Paul win by unanimous decision after eight rounds of two-minute bouts. The judges scored the fight 80-72, 79-73, and 79-73 in favor of Paul.
Tyson, now 58 years old and having not competed professionally in 19 years, struggled to keep up with the younger and more athletic Paul. The bout was characterized by Tyson’s sluggish performance, landing only 18 punches compared to Paul’s 78. Despite receiving a hero’s welcome, Tyson’s performance left fans disappointed, with many booing as the fight concluded.
Paul, a 27-year-old YouTuber-turned-boxer, managed to keep Tyson at bay with effective jabs and accurate punches. The fight, streamed on Netflix, drew significant attention but failed to deliver the excitement many had hoped for. Post-fight, Tyson hinted at a possible future bout with Paul’s brother, Logan, despite the lackluster showing.
This victory marks Paul’s 11th professional win, further solidifying his controversial presence in the boxing world.
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