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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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Quebec Braces for Potential Influx of Migrants Amid U.S. Deportation Concerns

 

As the political landscape in the United States shifts with the return of Donald Trump to the presidency, Quebec is preparing for a possible surge in migrants. Trump’s promise to deport millions of undocumented immigrants has raised alarms in Canada, particularly in Quebec, where officials are bracing for an increase in border crossings.

Concerns Over Border Crossings

Quebec Premier François Legault has expressed concerns about the province’s capacity to handle a potential influx of migrants. He emphasized the need for robust border security and regular updates from the federal government on the situation. The closure of Roxham Road, a popular crossing point for asylum seekers, has already made the journey more perilous, pushing migrants to seek alternative, often more dangerous, routes.

Community Response

Community groups in Quebec, such as the Welcome Collective, are preparing for an increase in new arrivals. These groups are concerned about the safety of migrants, especially those who might attempt to cross in remote areas during the harsh winter months. The RCMP has also been on high alert, ready to respond to various scenarios, from a few individuals to a massive influx.

Political Reactions

The political discourse in Quebec has been heated, with leaders from different parties voicing their concerns. Parti Québécois Leader Paul St-Pierre Plamondon warned of a significant migration wave, while Frantz André from the Action Committee for People Without Status criticized the use of Trump’s election to stoke fears about asylum seekers. Meanwhile, Québec solidaire acknowledged the potential impact of U.S. deportations on Quebec but called for a balanced approach.

Looking Ahead

As the situation unfolds, Quebec remains vigilant, balancing the need for security with compassion for those seeking refuge. The province’s response will be crucial in managing the potential challenges and ensuring the safety and well-being of all residents.


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