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Bank of Canada Rate Decision: What to Expect on June 10

  On Wednesday, June 10, 2026 , the Bank of Canada will announce its next interest rate decision — and every Canadian with a mortgage, a savings account, or a variable-rate line of credit has good reason to pay attention. While a hold at the current 2.25% overnight rate is almost universally expected, the real story this month isn't the number itself. It's the language surrounding it. Canada's economy has slipped into what many are calling a technical recession, inflation is being pushed higher by a global energy shock, and economists are divided on where rates go from here. Here's everything you need to know before Wednesday's announcement. BoC Overnight Rate 2.25% Held since early 2026 Bank Prime Rate 4.45% Most major lenders April CPI Inflation 2.8% Up from 2.4% in March Hike Probability (Jun 10) ~4% Per bond markets Q1 2026 GDP Growth −0.1% Annualized; near-recession Where Things Stand: A Tricky Balancing Act The Bank of Canada has held its overnight rate at 2....
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Southern Ontario Braces for Major Snowstorm: 25-35+ cm Expected


Southern Ontario is gearing up for a significant winter storm expected to hit the region on Sunday. The storm is forecasted to bring 25-35+ cm of snow, creating dangerous conditions and significant travel disruptions.

The storm, originating from a Colorado low, will tap into Gulf moisture as it moves just south of the Great Lakes. This will place southern Ontario in the ideal position for widespread heavy snowfall beginning before dawn and lasting through much of the day. 

Easterly winds will gradually strengthen, leading to low visibility and tough travel conditions. Snowfall rates of 1-3 cm per hour, combined with winds of 30-40 km/h, will create near-whiteout conditions at times. 

Residents are advised to avoid non-essential travel and stay up-to-date on local weather alerts. If travel is necessary, ensure your vehicle is prepared for hazardous conditions and check the latest highway conditions before heading out. 

The heaviest snowfall is expected in the Greater Toronto and Hamilton Area (GTHA), with totals close to 30 cm by the end of the storm. Light snow will continue into Sunday evening, gradually tapering off from west to east. 


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