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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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Syria's Assad Falls: Celebrations Erupt as President's Whereabouts Remain Unknown

 


In a stunning turn of events, Syrian opposition fighters have successfully taken control of Damascus, leading to widespread celebrations across the city. The whereabouts of President Bashar al-Assad remain unknown, with reports indicating that he has fled the capital.

The rapid advance of rebel groups, including Hayat Tahrir al-Sham, has marked the end of Assad's 13-year rule and the collapse of the Assad family's 50-year dynasty. Crowds gathered in Damascus squares, chanting anti-Assad slogans and honking car horns, as soldiers and police officers abandoned their posts.

Residents expressed a sense of liberation, with many recounting personal losses suffered under Assad's regime. The situation remains fluid, with the international community closely monitoring developments and the United Nations relocating non-critical staff as a precaution.

As Syria enters a new chapter, the future of the country hangs in the balance, with hopes for a peaceful transition and rebuilding.



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