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Bank of Canada Holds at 2.25% — Again: What It Means for Your Mortgage and Markets Today

  Wednesday, June 10, 2026  |  Canadian Money Brief It's official: the Bank of Canada held its overnight rate steady at 2.25% this morning — the fourth consecutive hold in 2026 , following identical decisions in January, March, and April. The move was widely anticipated, but the language in today's statement and Governor Tiff Macklem's 10:30 a.m. press conference are delivering the real signal: the BoC is watching the Middle East conflict carefully, is not yet alarmed by inflation, but is making clear that rate hikes remain on the table if energy prices push inflation higher. Here's the full picture — BoC reaction, Canadian markets, Wall Street, oil, and global moves. 🏦 Bank of Canada: Holds at 2.25% — But With a Warning The Bank of Canada's statement this morning was brief but pointed. The Governing Council noted that "economic activity in Canada has been weak and uncertainty about US trade policy persists," while also flagging that "the conflict ...
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Israel Approves Ceasefire Deal with Gaza, Hostages to be Released

 

In a significant move towards peace, Israel’s security cabinet has approved a ceasefire deal with Hamas, paving the way for the release of dozens of hostages held in Gaza. The agreement, which is expected to take effect as early as Sunday, aims to halt the 15-month-long conflict that has caused widespread devastation in Gaza.

Under the terms of the deal, Hamas will release 33 Israeli hostages, including women, children, and elderly men, in exchange for hundreds of Palestinian prisoners held by Israel. The ceasefire is set to begin with a six-week phase, during which Israeli forces will withdraw from several areas, allowing hundreds of thousands of Palestinians to return to their homes.

The approval of the ceasefire deal comes after intense negotiations and last-minute complications. Despite opposition from hardliners within Prime Minister Benjamin Netanyahu’s coalition, the deal was ultimately approved by the security cabinet and is now awaiting final approval from the full cabinet.

The ceasefire and hostage release are seen as a crucial step towards easing hostilities in the region and providing much-needed humanitarian relief to the people of Gaza. The international community has welcomed the agreement, hoping it will lead to a lasting peace in the Middle East.




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