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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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Ontario Colleges on Edge as Faculty Strike Looms

Faculty staff at Ontario’s public colleges are poised to take strike action as early as January 9th, following a five-day labour notice issued by the Ontario Public Service Employees Union (OPSEU). The union, representing faculty workers at the province’s 24 public colleges, has cited stalled contract talks and lack of job security as the primary reasons for the potential strike.

Despite months of negotiations, the College Employer Council (CEC) and OPSEU have yet to reach an agreement. The union claims that the CEC’s current offer would leave faculty members worse off than their previous contract, which expired three months ago. The CEC, on the other hand, argues that the union’s demands are unrealistic given the financial instability faced by Ontario’s colleges.

The potential strike comes at a challenging time for Ontario’s college sector, which has already seen a significant drop in international student enrollment and funding cuts. The union is urging the CEC to enter mediation with more realistic demands to avoid an unnecessary strike.

As the situation unfolds, both parties remain committed to finding a resolution, but the looming strike date adds urgency to the negotiations.




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