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Bank of Canada Holds at 2.25% — Again: What It Means for Your Mortgage and Markets Today

  Wednesday, June 10, 2026  |  Canadian Money Brief It's official: the Bank of Canada held its overnight rate steady at 2.25% this morning — the fourth consecutive hold in 2026 , following identical decisions in January, March, and April. The move was widely anticipated, but the language in today's statement and Governor Tiff Macklem's 10:30 a.m. press conference are delivering the real signal: the BoC is watching the Middle East conflict carefully, is not yet alarmed by inflation, but is making clear that rate hikes remain on the table if energy prices push inflation higher. Here's the full picture — BoC reaction, Canadian markets, Wall Street, oil, and global moves. 🏦 Bank of Canada: Holds at 2.25% — But With a Warning The Bank of Canada's statement this morning was brief but pointed. The Governing Council noted that "economic activity in Canada has been weak and uncertainty about US trade policy persists," while also flagging that "the conflict ...
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U.S. Envoy Excludes Europe from Ukraine Peace Talks

In a surprising move, the U.S. Special Envoy for Ukraine and Russia, Keith Kellogg, announced that Europe will not be part of the upcoming peace talks aimed at resolving the ongoing conflict between Ukraine and Russia. This decision has sparked concerns among European leaders, who fear being sidelined in discussions that directly impact their security.

The announcement was made during the Munich Security Conference, where Kellogg emphasized that the U.S. would act as an intermediary, with Ukraine and Russia as the primary negotiators. He stated that while European interests would be considered, they would not have a seat at the negotiation table.

European leaders have expressed their dissatisfaction with this decision, urging for more involvement in the peace process. Finland's President Alexander Stubb highlighted the importance of European participation in discussions about Ukraine's future and the broader European security structure. Despite these concerns, the U.S. administration remains firm in its stance, prioritizing other global challenges such as border security and countering China.

The exclusion of Europe from the peace talks has raised questions about the future of transatlantic relations and the role of European nations in addressing regional conflicts. As the situation unfolds, it remains to be seen how this decision will impact the dynamics of the Ukraine-Russia conflict and the broader geopolitical landscape.



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