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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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Trump Asserts No Cost Limit on Mass Deportation Plan

 

In a recent interview, President-elect Donald Trump reiterated his commitment to a large-scale deportation plan, emphasizing that there would be "no price tag" on the effort to remove millions of undocumented immigrants from the United States. Trump stated that his administration would prioritize making the U.S. border "strong and powerful," and that the cost of the deportations was secondary to the necessity of the action.

Trump's plan, which he described as the "largest deportation effort in American history," aims to target undocumented immigrants involved in criminal activities, including drug lords and murderers. He argued that the deportations are essential for national security and public safety, despite the significant logistical and financial challenges involved.

Critics have raised concerns about the humanitarian and economic impacts of such a sweeping deportation policy. They argue that the removal of millions of immigrants could disrupt industries reliant on undocumented labor and lead to significant economic instability. Additionally, immigrant rights groups are preparing to challenge the plan through legal battles.

As Trump prepares to take office, the debate over his immigration policies continues to intensify, with both supporters and opponents gearing up for what promises to be a contentious issue in the coming months

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