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5 Things to Know Today – June 8, 2026

  The Bank of Canada's big moment arrives in 48 hours. Here's everything moving your money this Monday morning — from an OPEC+ output hike to a loonie struggling to keep pace with oil. Bank of Canada 1 The Rate Decision Is Two Days Away — And Economists Expect a Hold The Bank of Canada announces its overnight rate decision this Wednesday, June 10, at 9:45 a.m. ET, with a press conference from Governor Tiff Macklem to follow at 10:30 a.m. The rate currently sits at 2.25%, and the overwhelming consensus is that it stays there. Economists at TD, CIBC, National Bank and Desjardins all point to the same impossible bind: a technical recession and softening labour market would normally call for a cut, but oil-driven inflation — sitting above the Bank's 2% target — makes easing difficult to justify. Adding to the uncertainty, U.S. CPI data for May drops the same morning, which could shift bond markets mid-session. Wednesday is a big day for your mortgage rate outlook. Watch this sp...
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Elon Musk's Ultimatum to Federal Workers: A New Era of Accountability

 

In a move that has sent shockwaves through the federal workforce, Elon Musk has issued an ultimatum to all federal employees, demanding that they provide a detailed account of their accomplishments over the past week within 48 hours. This directive, announced via Musk's social media platform, X, has sparked confusion and concern across various government agencies.

Musk, who serves as President Donald Trump's cost-cutting chief, emphasized that failure to comply with this request would be interpreted as a resignation. The email sent to federal employees instructed them to list approximately five bullet points of their weekly achievements and to cc their managers.

The directive has been met with mixed reactions. Some agencies have advised their employees not to respond, while labor union leaders have condemned the move as an example of the administration's disregard for federal workers and the essential services they provide. The American Federation of Government Employees (AFGE) has threatened legal action, arguing that the order is both cruel and disrespectful.

As the deadline approaches, the federal workforce remains in a state of uncertainty, with many employees questioning the authenticity and implications of Musk's directive.


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