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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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Trudeau Pledges Military Support and Seized Russian Funds to Ukraine on Invasion Anniversary

On the third anniversary of Russia's invasion of Ukraine, Canadian Prime Minister Justin Trudeau made a significant pledge of support to the embattled nation. During his visit to Kyiv, Trudeau announced that Canada would provide 25 light armoured vehicles to Ukraine, along with $5 billion in funds sourced from seized Russian assets.

Trudeau's visit to Kyiv was part of a larger summit attended by a dozen world leaders, all of whom gathered to show solidarity with Ukraine. In his remarks, Trudeau emphasized that Russia's invasion was an attempt to "erase Ukrainian history and expand their empire". He also highlighted Canada's commitment to helping Ukraine with energy security, as the country continues to face attacks on its power grid by Russian forces.

While Trudeau's speech did not address Ukraine's potential membership in the NATO military alliance, he reiterated the importance of Ukraine having a direct role in any negotiations to end the war. The summit proceeded despite the backdrop of an audible air-defense siren, underscoring the ongoing conflict and the urgency of international support.

This latest pledge from Canada reflects a continued commitment to supporting Ukraine in its fight for sovereignty and stability. Trudeau's visit and the accompanying military and financial aid signal a strong stance against Russian aggression and a dedication to upholding international peace and security.



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