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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...
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Alberta Minister Peter Guthrie Resigns Amidst Procurement Concerns

 

In a surprising turn of events, Alberta Infrastructure Minister Peter Guthrie has resigned from his cabinet position, citing a lack of confidence in the government's procurement practices. Guthrie, who represents the United Conservative Party (UCP) as the MLA for Airdrie-Cochrane, announced his resignation on social media, expressing his concerns over inconsistencies in procurement processes across all government departments.

Guthrie's resignation comes amidst ongoing allegations of high-level interference and favoritism in multimillion-dollar health contracts within Alberta Health Services (AHS). He had previously pushed for the establishment of a Financial Oversight Committee to review major government contracts, a proposal that was not supported by the majority of the cabinet.

Premier Danielle Smith acknowledged Guthrie's resignation and reiterated the seriousness of the allegations surrounding AHS contracts. Smith emphasized that she was not involved in the procurement decisions and has directed senior civil service to retain an independent third party to investigate the matter.

Guthrie's departure has raised questions about internal divisions within the UCP government as it prepares to unveil its fiscal plan and key legislation. Despite his resignation, Guthrie intends to remain in the UCP caucus as a private member, where he plans to continue advocating for accountability and transparency in government practices.



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