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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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South Korean President Yoon Suk Yeol Fights for Release Amid Rebellion Charges

South Korea’s impeached president, Yoon Suk Yeol, made a case for his release before a Seoul judge on Saturday as the court deliberated on whether to approve a law enforcement request for his formal arrest. Yoon, who has been detained since Wednesday, faces potential rebellion charges linked to his declaration of martial law on December 3, which triggered the country’s most severe political crisis since its democratization in the late 1980s.

The Corruption Investigation Office for High-Ranking Officials, leading a joint investigation with police and the military, requested the Seoul Western District Court to issue a warrant for Yoon’s formal arrest. During the nearly five-hour closed-door hearing, Yoon’s lawyers argued that his decree was a legitimate exercise of his powers and that the rebellion accusations would not hold up in court.

The judge is expected to make a decision by late Saturday or early Sunday. If Yoon is arrested, investigators can extend his detention for up to 20 days, during which they will transfer the case to public prosecutors for indictment. If the court rejects the request, Yoon will be released and return to his residence.

Thousands of Yoon’s supporters rallied near the court, waving banners and shouting slogans calling for his release. The political turmoil continues as the Constitutional Court reviews whether to formally remove Yoon from office or reinstate him.

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