From the Bank of Canada's steady hand to a surge in housing starts and Ottawa's new financial crime-fighting agency — here are the five money stories every Canadian should have on their radar this morning. 1 Bank of Canada Rate Holds at 2.25% — Next Decision June 10 The Bank of Canada kept its overnight rate at 2.25% on April 29 and has signalled it intends to stay put for now. Governing Council is keeping a close eye on Middle East conflict spillover into energy prices, ongoing U.S. tariff uncertainty, and whether inflation — currently hovering just above the 2% target — becomes entrenched. Bond markets are currently pricing in roughly an 18% chance of a 25-basis-point cut by the July 15 announcement, making a move at the June 10 meeting unlikely. 💡 What it means for you: Variable-rate mortgage and HELOC holders can exhale — no surprise hikes on the horizon. But don't expect big rate relief either; the "lower-for-longer" window appears to be closing. 2 Mortgage...
Canada Clinches Thrilling Victory Over US in 4 Nations Face-Off Final
In an electrifying showdown, Canada triumphed over the United States with a nail-biting 3-2 victory in overtime during the 4 Nations Face-Off final on Thursday night. The match, held in Boston, was filled with tension and excitement, keeping fans on the edge of their seats until the very last moment.
Connor McDavid emerged as the hero of the night, scoring the game-winning goal at 8:18 of overtime. His goal not only sealed the victory for Canada but also showcased his exceptional skill and determination under pressure.
The intense rivalry between the two nations was evident throughout the game, with both teams delivering a performance that will be remembered for years to come. The victory marks a significant achievement for Canada, solidifying their position as a dominant force in international hockey.
Fans and players alike celebrated the thrilling win, with many calling it one of the best hockey games of the decade. The 4 Nations Face-Off tournament has once again proven why hockey is unbeatable, captivating audiences with its high-stakes drama and unforgettable moments.
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