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5 Things to Know Today — June 11, 2026

  The Bank of Canada confirmed its fifth straight rate hold yesterday, oil slipped back toward $89 a barrel after fresh U.S. strikes on Iran, and Canada Post workers officially have a new contract. Here is what every Canadian needs to know heading into Wednesday. 1 of 5 — Interest Rates Bank of Canada holds at 2.25% — for the fifth time in a row The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on June 10, marking five consecutive holds since late 2025. Governor Tiff Macklem said the central bank is trying to balance two opposing forces: inflation pushed higher by elevated energy costs from the Middle East war, and an economy that has barely grown in recent quarters. "Economic weakness combined with rising inflation is a dilemma for monetary policy," Macklem told reporters, adding that holding the rate "balances those risks" for now. What it means for you: Variable-rate mortgage holders and borrowers with lines of credit get another month of pa...
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Auckland Lights Up the Sky: Welcoming 2025 with Spectacular Fireworks and Light Show

 

As the clock struck midnight on December 31, 2024, Auckland became the first major city to welcome 2025 with a breathtaking display of fireworks and a vibrant light show. Thousands of revelers gathered in the downtown area and atop the city's iconic volcanic peaks to witness the dazzling spectacle.

The fireworks, launched from the towering Sky Tower, painted the night sky with vibrant colors, while the light show paid tribute to Auckland's Indigenous tribes. This celebration follows a year marked by significant protests over Māori rights in New Zealand.

Auckland's early celebration, 18 hours ahead of New York's Times Square ball drop, set the stage for a global wave of New Year's festivities. In Australia, over a million people are expected at Sydney Harbor for their traditional fireworks, while other cities around the world are gearing up to ring in the new year with their unique cultural celebrations.

As the world continues to embrace 2025, Auckland's spectacular start serves as a reminder of the beauty and unity that can be found in global celebrations.



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