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Bank of Canada Rate Decision: What to Expect on June 10

  On Wednesday, June 10, 2026 , the Bank of Canada will announce its next interest rate decision — and every Canadian with a mortgage, a savings account, or a variable-rate line of credit has good reason to pay attention. While a hold at the current 2.25% overnight rate is almost universally expected, the real story this month isn't the number itself. It's the language surrounding it. Canada's economy has slipped into what many are calling a technical recession, inflation is being pushed higher by a global energy shock, and economists are divided on where rates go from here. Here's everything you need to know before Wednesday's announcement. BoC Overnight Rate 2.25% Held since early 2026 Bank Prime Rate 4.45% Most major lenders April CPI Inflation 2.8% Up from 2.4% in March Hike Probability (Jun 10) ~4% Per bond markets Q1 2026 GDP Growth −0.1% Annualized; near-recession Where Things Stand: A Tricky Balancing Act The Bank of Canada has held its overnight rate at 2....
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Liberal Party Begins Leadership Race as Trudeau Announces Resignation


The Liberal Party of Canada has officially begun the process of selecting a new leader following Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen. Trudeau, who has led the party since 2013, stated that he is not the right choice to lead the party in the next election.

The party's president, Sachit Mehra, confirmed that a meeting of the national board of directors will be held this week to initiate the leadership contest. The board has the flexibility to determine the timeline for the leadership vote, which will be influenced by political circumstances.

Several potential candidates have already signaled their interest in running for the leadership position. Among the names frequently discussed are former finance minister Chrystia Freeland, who resigned from her cabinet position last month, and other prominent Liberal figures.

The leadership race comes at a critical time for the Liberal Party, as opposition parties are preparing to challenge the government through a non-confidence vote. The outcome of this leadership contest will shape the future direction of the party and its strategy for the upcoming federal election.



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